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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 Saab 9-3 Concept at Geneva

Saab Concept Tease Geneva 2011 It’s been a tumultuous time for Saab, attempting to rise from the ashes of GM’s departure. And, despite initial promise when Victor Muller rode in on his white Spyker, things have not really progressed as Saab would have liked. Sales through 2010 were below expectation and there were some teething problems with the new 9-5.

Coker unveils 1939 Indy engine rebuild at SEMA show

Joe Lencki built a DOHC straight six in 1939 that made an astounding (for the time) 417 hp. The engine was in cars that raced, qualified or tried to qualify at Indianapolis all the way up to 1963. It was an innovative monoblock design that, with those cam covers and cooling fins, looks even cooler now than it probably did 63 years ago.