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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.

Volkswagen aims for lofty Beetle sales

The attractive new 2012 Volkswagen Beetle is expected to sell as many as 50,000 to 60,000 units a year in the United States. The car launches this fall. That level will be a big improvement over the latter years of the outgoing model, in which sales dwindled to just 15,000 a year, but it remains lower than the record figure of 83,000 achieved 18 months after the launch of the revised model.

New Dacia Logan II Paris debut

Renault’s cut price brand, Dacia, is continuing to move forward with the second generation Logan due to debut at Paris. Could come to the UK. Renault-owned Romanian budget brand Dacia’s assault on the European car market shows no sign of letting up as the company readies its replacement for the top-selling Logan small-saloon car.