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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.

Huayra paves the way for Pagani sales in the U.S.

The Pagani Huayra will pave the way for the Italian company to begin selling its cars in the United States later this year. Pagani Automobili said on Monday that the 700-hp Huayra will be sold through a network of dealers. But it did not say how many dealerships it would have, where they would be located and when sales would start.

1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ fetches £1.96 million

A 1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ sold for £1.96 million as the star of R.M. Auction’s 2012 London sale. Star sale of the night in Battersea was a hugely desirable 1959 Ferrari 250 GT LWB Berlinetta ‘Tour de France’ by Carrozzeria Scaglietti which managed to reach £1.96 million (although a 1955 Mercedes-Benz 300SL Alloy Gullwing failed to sell at £2.4 million), but there were plenty of other lots reaching decent prices too.