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LA Motor Show: New Subaru WRX gets downsized engine

SUBARU has revealed a production-ready version of the WRX concept first seen earlier this year. The latest edition of the performance saloon may not be coming to the UK at all, but Subaru has finally given the 268bhp machine the go-ahead for Japan and North America. A new 2.0-litre ‘boxer’ engine carries on the brand’s tradition, bringing with it the same low centre of gravity as the old 2.5-litre unit but with greater environmental credentials.

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.

Hyundai Equus price starts at $58,900

The 2011 Hyundai Equus sedan--the flagship of the Korean automaker's growing lineup--gets a base sticker price of $58,900, including shipping charges. That base price is for the Equus Signature trim level. There also is an Equus Ultimate trim that includes niceties such as reclining rear seats, an entertainment system and a refrigerator in the rear console--priced at $65,400.