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Crunch watch Sept 09: the auto industry in crisis

By Tim Pollard Motor Industry 30 September 2009 11:30 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  Wednesday 30 September 2009• Mitsubishi's global production in August was 62,924 units, a decline of 32.1% compared to August 2008. It was also the 18th consecutive monthly decrease for the Japanese car company (Mitsubishi)• Fernando Alonso has signed a three-year deal to drive for the Scuderia Ferrari F1 team.

Shake-up at Tesla; a dozen UK orders

By Tim Pollard Motor Industry 16 October 2008 11:22 Electric car start-up Tesla is restructuring its US operation and laying off around 100 staff, as the credit crunch continues to make life difficult for car companies big and small. It’s now on its fourth CEO in 12 months, as founder Elon Musk takes over from Ze’ev Drori. In an announcement on the chief exec’s blog, Tesla Motors said it would be ‘cash-flow positive’ within six to nine months – but only by increasing production and cutting operating costs.

GM transplants Chevrolet Volt technology into the Cadillac ELR hybrid

One of the headliners of the 2009 Detroit auto show, the Cadillac Converj concept, will become production reality. Cadillac confirmed some details on Wednesday afternoon and said that the coupe will be called the ELR. It will use a T-shaped lithium-ion battery pack, and a generator kicks on to extend range, similar to the Chevrolet Volt.