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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.

Jaguar to end XK production after 18 years

Jaguar will this summer cease production of the XK 2+2 GT car after 18 years at the top of the Coventry firm’s model range. The decision to stop making the XK comes after the hugely successful launch of the F-Type – which, say analysts, has led to a big fall in XK sales as thousands of buyers queues up to buy the F-Type. Jaguar XK review (2009 onwards) Jaguar XKR-S Coupe review (2011 onwards) Some estimate Jaguar could triple its sports car volumes with the F-Type over the XK.

New Jaguar XJ illegal in the USA

Jaguar's innovative dual-view screen will be illegal in the US It would be horrifying for Jaguar to discover that they’d built a glorious car like the new Jaguar XJ, only to find they’d dropped a huge clanger by making it an illegal road car in the US. It’s not that bad, but Ian Callum – Jaguar’s design guru – has confessed that the dual-view screen in the new XJ is actually not legal in the US. Whoops.