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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.

Bentley Continental V8 S (2013) at Frankfurt motor show

This is the new Bentley Continental V8 S, set to be unveiled at the 2013 Frankfurt motor show. It’s the Bentley for buyers who don’t want (or can’t afford) the most potent W12 models, but don’t fancy an ‘entry level’ version of the V8 either. It’s got 521bhp, 502lb ft, and will hit 60mph in less than five seconds.

GT Academy winner Heitkotter's next step is the 24 Hours of Dubai

It all culminates in January at the 24 Hours of Dubai: That's when video-game player and GT Academy winner Bryan Heitkotter will race, professionally, with European GT Academy winner Jann Mardenborough in a Nissan 370Z. The GT Academy was a contest that started last December in which Gran Turismo 5 players competed for a seat in a real race car. Thousands entered, 32 players rose to the top, and 16 of those were invited to a seven-day whirlwind racing and evaluation program at the Silverstone circuit in the United Kingdom.