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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.

Middlecott Sketchbattle Experiment contest pits auto designers against Detroit talent

Local creative and design talent from outside and inside the car industry will go head-to-head in a multi-round competition for the title of Sketchmaster in the Middlecott Sketchbattle Experiment (MSBE). To be held at an underground afterparty for the Auto Show Charity Preview on 17 January at the Kunsthalle Museum in Detroit, the self-styled car design fight club will be attended by industry leaders, designers from Ford, GM, Chrysler, Toyota and Tier One suppliers. Car enthusiasts, artists and designers from around the globe will also be present.

Fisker Automotive: The road less traveled for hybrids--in style

Fisker Automotive is taking a reverse approach to hybrids. Traditionally, green machines have been small fuel-sippers that hardly quicken the pulses of enthusiasts. Not so fast, says Henrik Fisker, CEO of the startup automaker and a designer who made his mark with eye-catching products at Aston Martin and BMW.