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) Jaguar Land Rover has opened its first showroom in India. Tata boss and JLR owner Ratan Tata opened the Ceejay House flagship dealership in Mumbai. • Porsche and VW are at it again. This morning Porsche released a statement accusing VW of issuing an ultimatum for the two companies to agree a deal by the end of today. VW denied this, and now the state premier of Lower Saxony has said he’s ‘irritated’ at Porsche’s comments and wants the two companies to reach an agreement soon. Lower Saxony is a stakeholder in VW (Reuters)Friday 26 June 2009 Porsche is getting close to a deal with Qatar that would see it sell VW shares to the Middle Eastern state, rather than shares in itself (Reuters)• GM chief executive Fritz Henderson has said that GM must… Read full this story
- Will consider deferring new standards for auto industry: Nitin Gadkari
- Behavioural changes are leading to structural shifts in auto sector: Kotak
- Spain plans 3.7 billion euro auto sector aid package
- AutoNation names new CEO as slowing auto sales hit results
- Auto component industry revenue declines 11.7% in FY20
- In for a shiny coat: Kansai Nerolac to be a major beneficiary of the expected auto sector revival
- Auto stocks tumble; Tata Motors decline 2%
- Auto retailer Lookers warns of H1 loss, expands probe on 2019 accounts
- This week in Auto: Is this the end of the road for Harley Davidson in India?
- Shortage of CNG keeps 40% taxis, autos off roads in Mumbai
Crunch watch June 09: the auto industry in crisis have 316 words, post on www.carmagazine.co.uk at June 29, 2009. This is cached page on IT Breaking News. If you want remove this page, please contact us.