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Audi greenlights new Q1 entry-level SUV

Audi has confirmed long-running rumors it will add a new entry-level SUV to its lineup called the Q1. Previewed as a concept called Crosslane Coupe at the 2012 Paris Motor Show, the new price-leading SUV is planned to slot into the German automaker's lineup beneath the existing Q3. The price is expected to rival that of the Mini Countryman.

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.

Roush unveils new versions of high-performance Mustangs

Roush is synonymous with go-fast Mustangs, and on Wednesday, the company unveiled its latest--and potentially greatest--steeds, based on the 2010 Ford Mustang. Roush will offer three versions at launch, topped by the 435-hp 427R Mustang. Prices will range from $34,847 for the Stage 1 model to a starting price of $43,051 for the 427R.