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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.

BMW tuner Manhart creates 743-hp M6 Coupe

There are BMW M6 drivers out there for whom the stock output of 560-hp and 500 lb-ft of torque just aren't enough. At least that's what German tuner Manhart is betting on in unveiling their MH6 700 version of the M6 hardtop. Manhart has been tuning BMWs and only BMWs for 20 years, and they've worked on everything from the E30 3-series to the latest offerings from the Bavarian automaker.

Jeep Wrangler JK production tops one million

Never mind persistent economic uncertainty and unstable fuel costs, Americans love Jeeps. Compared to nearly anything else on the road, they're far too brash and noisy for anyone to want for daily use, and the majority of Wrangler owners never push 'em anywhere near their limit. But none of that seems to stop us from snatching Wranglers up off dealer lots as quickly as the folks at Jeep's Toledo, Ohio, assembly plant can bolt them together.