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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.

Driven: Mercedes-Benz C-Class

Just over 25 years ago, in November 1982, Mercedes Chief Designer Bruno Sacco introduced his new 'baby' 190, codenamed W201. Billed as the new compact Mercedes, it was a successful model that lasted a full ten years until being replaced by the first C-Class (W202). This model – the first with the triangular tail lamps – lasted until 2000 when it was replaced by the W203, a more softly-styled update of the W202 model, with the 'peanut-shaped' linked double headlamps.

Black cab fares to rise

BLACK cab fares in the capital are going up and could rise again as early as next January. From April 5, London taxi fares will increase by an average of 0.7%, Transport for London (TfL) announced today. TfL said the below-inflation increase was the lowest since it took responsibility for licensing taxis in 2000 and the rise equated to just 9p more on an average fare.