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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.

Mercedes S-Class Maybach spied (video)

The Mercedes S-Class Maybach hits the Nurburgring The new Mercedes S-Class is already starting to proliferate, with a wide range of engines, two wheelbases and the CL Coupe’s replacement – the new S-Class Coupe – already hitting the market. But Mercedes are far from finished extending the S-Class franchise, and we’ve got two more versions of the S-Class Saloon – the Maybach and Pullman – still to come, and the arrival of the S-Class Convertible still to come. And now it looks like the S-Class Maybach – effectively a replacement for the ill-fated Maybach brand – is getting closer to debut with this S-Class Maybach spotted testing at the Nurburgring.

SEAT Ibiza FR TDI announced

The three and five door versions of the SEAT Ibiza FR TDI ‘Sporty’ and Diesel’ were two words that never used to go together. But as diesel engines become more and more compelling car makers are keen to add performance diesel versions to their range. More torque and better fuel consumption are reason enough to run a diesel these days for a daily drive, but when performance figures actually make the diesel fun it’s hard to argue against.