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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.

Rear-drive revelers: Spring Fest draws LX devotees to California love-in

Long before Eminem boosted the image of Detroit and the Chrysler 200, Fatchance was getting the West Coast party started for Chrysler's rear-drive LX cars. Fatchance is the Internet handle of John Fortuno, a man who--like many others we met at the Sixth Annual Spring Fest for LX owners--claims his car, a 2005 Chrysler 300C, changed his life. It introduced him to www.LXforums.com, a worldwide virtual car club that has more than 38,000 members dedicated to the Chrysler LX rear-drive platform used by the Chrysler 300 and the Dodge Charger, Challenger and Magnum.

BMW releases videos 'outlining' 3 Series history

The BMW 3 Series has been a mainstay within the range for nearly 40 years, embodying the values and design direction of the German brand to become the perennial bestseller in markets worldwide. Over the course of the last four decades, the company has launched an all-new model fitted with advancements in not only mechanical componentry, but also design and safety, to coincide with the needs and desires of customers at the time. The compact executive class car, available in no less than five different body styles at one point, is still considered the benchmark in many design studios, not to mention those thriving to replicate its dynamic driving attributes.