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Crunch watch Feb 09: the auto industry in crisis
Mon, 02 Mar 2009By 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.
Renault Sand'up concept
Mon, 27 Oct 2008This is Renault's new Sand'up concept, developed by Renault Brazil and unveiled today at the 25th Salão Internacional do Automóvel in São Paolo. The modular 2+2 coupé can not only transform into a cabriolet, but it can also be used as a pickup by lowering the rear bench seat. As most pickups in Brazil are bought for their sporty image and not used for heavy workloads, but rather as an adventurous and fun vehicle, the car makes use of the rear passenger compartment by incorporating a mechanism that lengthens the cargo bed by up to 40cm to accommodate a range of objects.
McLaren 12C GT Sprint appears at Auto Zurich
Thu, 07 Nov 2013McLaren confirmed earlier this month that the 12C GT Sprint would cost $316,000, converted from British pounds. On Thursday, we were sent a selection of photos of the new track car by photographer David Kaiser, from a car show in Zurich, Switzerland. According to a McLaren representative at the booth, the 12C GT Sprint pictured is the first production car.