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Crunch watch Feb 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Ben Whitworth Motor Industry 02 March 2009 18:11 Monday 2 March• The Volkswagen Group announces a 5% rise in sales revenues in the 2008 tax year and a 3% increase in operating profits, up to €6.3 billion. Chairman Martin Winterkorn said the group's multi-brand strategy and low CO2 cars had helped sustain sales, although he admitted that 2009 would see a fall in demand and revenues (Volkswagen) Friday 27 February• Jaguar Land Rover announces a significant order for 13,000 cars from a Chinese business. It's a morale boost for JLR which has been hit by a slump in demand with the global slowdown (BBC News)• Opel this afternoon agreed to a restructuring plan designed to save as many jobs and factories as possible – but it needs a €3.3 billion lifeline from the state.

New Ford Mustang leaks out ahead of official reveal

The first photo of the 2015 Ford Mustang Ford has been busy getting ready for a reveal of the new 2015 Ford Mustang on the 5th December, but their powder has been made a little damp by scanned images from Autoweek’s story on the new Mustang leaking out ahead of publication. The new Mustang still looks like a Mustang, but in a  nod to Ford’s European styling mantra it gets a version of the Aston Martin like grill now proliferating across Ford’s European range together headlights incorporating LEDs. At the back, the new Mustang has the required three bar lights and a new diffuser, whilst the interior looks decent quality if a little retro in style.

Report: Interior Motives China Conference 2011 – Day 1

Over 300 industry delegates gathered for the opening day of the annual Interior Motives China conference, which this year takes place in Shanghai, just a few days prior to the opening of the international auto show on Tuesday. Interior Motives is CDN's print magazine and this is its 4th annual gathering in China. The title of this year's conference is 'The challenge of being different: establishing a local design direction for China's maturing market', a pertinent topic now China has become the biggest new car market in the world.