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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.

Rolls-Royce confirms new Wraith coupé for Geneva

Rolls-Royce will launch its new Wraith coupé model at this year's Geneva motor show, thought to be a dramatic fastback based on the Ghost. The carmaker's CEO, Torsten Müller-Ötvös, announced the news this morning at the company's World Dealer Conference in London, claiming that the Wraith will have "the boldest design, the most dramatic performance" and be the most powerful model yet. The Wraith will shape the future of Rolls-Royce and build on the success of Ghost and Phantom.

Who's Where: Craig Metros heads back to Michigan to become Ford's exterior design director of The Americas

Craig Metros is heading back to his native Michigan to take up a new position as Ford's exterior design director of The Americas. Metros leaves his current role as design director of Ford Asia Pacific in the company's Melbourne studio in Australia, where his team led the Everest, Falcon and Ranger programs. During Ford's PAG (Premier Auto Group) era, the CCS graduate was the first American designer to work in the Jaguar design studio in the UK before returning to America to lead the interior and exterior design themes of the 2004 Ford F-150.