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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.

Aston Martin's Race plan

By Ben Pulman Motor Shows 17 October 2007 15:36 It’s only just over a week since Aston Martin was sold, but today it confirmed plans to race at Le Mans.The DBR9 will return to the famous La Sarthe circuit in June. Perhaps this was inevitable, since Aston’s new non-executive chairman is David Richards - the chairman of Prodrive, which develops the DBR9 and its FIA GT3-spec sister car, the DBRS9. The team will face a tough challenge, though, as the 24-hour Le Mans is the only race that Aston Martin Racing will compete in this year.

Renault Pitches Affordable Self-Driving Technology

RENAULT is the latest company to dip its toe into the waters of self-driving car technology. Pitching its contribution as a way of combating tiredness and stress plus allowing drivers to multitask and let the car take the strain, the French firm is looking to 2020 as the year when its bold vision could become a reality. There is a catch though, as Renault’s vision of an autonomous driving future centres around the provision of ‘protected’ roads devoid of pedestrians or other hazards to make the reality of hands off driving possible.