1969-1972 Corvette Accelerator Cable Support Bracket 3972627 Holley Carburetor on 2040-parts.com

Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

One lap of the web: World's Fair, Porsche livery and monster trucks

Petrolicious is traveling back in time for the 1939 World's Fair in New York City. Check out some of the signage from the event and more than 20 minutes of vintage video. The Flat Sixes Porschephile website is comparing the 10 best Porsche liveries.

Kia preparing a range of sporting models

Kia is quietly readying a string of sportier models to pep up its humdrum image, CAR has learned. The burgeoning sports car plan is likely to sire everything from hot hatches to standalone sports cars. On our trip to Korea this week, sources at Kia HQ confirmed a range of performance models, designed to mix some excitement into a brand that now commands respect from mainstream buyers after its crawl upmarket to the volume market alongside Europe's mass-market brands.