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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.

2013 EyesOn Design Automotive Exhibition poster unveiled

The commemorative poster and program cover for the 2013 EyesOn Design Automotive Design Exhibition has been unveiled at the Automotive Hall of Fame in Dearborn, Michigan. Renowned automotive artist Steven Macy designed this year's edition and he was joined at the unveiling by Ford's former global vice president of Design Jack Telnack, John Tucker (grandson of American automobile designer and entrepreneur Preston Tucker) and Dr. Phillip Hessberg.

Citroen C5 Airscape concept

Following the C-Airlounge of 2003, the C-Airdream of 2005 and the C-Airplay of 2006, is the C5 Airscape. Due to make its international debut at the Frankfurt Motor Show next month, this new Citroen concept acts as a spoiler for the forthcoming upper-medium C5 replacement dues soon. Unlike the forthcoming production car, the concept is a four seat coupe cabriolet which is aiming to show a new level of premium quality for the brand.