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Crunch watch June 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.

BMW GINA concept

BMW Group Design has just revealed a revolutionary new concept car which utilizes a flexible textile cover to form its outer skin. Called the ‘GINA' Light Visionary Model - an acronym derived from the principle of Geometry and Functions In "N" (Infinite) Adaptions - the concept offers dramatically different solutions that affect the design and functionality of future cars. The almost seamless flexible textile cover that stretches across a moveable substructure has dispensed with the usual body elements found on production vehicles such as front apron, bonnet, side panels, doors, wheelarches, roof, trunk lid and rear deck.

Ruf XL: A longer Porsche Panamera for the Chinese market

The Chinese love their rear-seat legroom. The workhorse of Shanghai taxi fleets is an extended-wheelbase Volkswagen called the Santana; think 1980s Quantum with longer rear doors. Audi's Chinese division designed and builds a long-wheelbase version of the last-generation A6.