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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.

Petrol sales at record low in March

PLUNGING PRICES at the pumps failed to prevent petrol sales dipping to their lowest figure on record in late winter this year. UK drivers bought 1.367 billion litres of petrol in March 2014, according to Government figures highlighted by the AA. This was the lowest recorded figure, with the previous low point being March 2013 - the coldest March for 50 years - when sales only reached 1.376 billion litres.

Jaguar executive O'Driscoll to retire in March

Mike O'Driscoll, the managing director at Jaguar Cars, has announced his plan to retire at the end of March 2011. O'Driscoll, 54, moved to the United Kingdom to lead the company's brand after Ford announced its plan to sell Jaguar and Land Rover. While there, he managed the introduction of the XF, the XK, and the XJ.