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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.

Subaru Levorg concept stars at the Tokyo Motor Show 2013

The Subaru Levorg, eh? This is a ‘concept’ version for a next generation Subaru estate, and though it’s not being explicitly underlined here at Tokyo 2013, we understand the name is an amalgamation of Legacy, Revolution and Touring. While revolutionary wouldn’t exactly be out first choice description, the Levorg does feature a new 170hp 1.6-litre DIT turbo engine, and the latest Subaru EyeSight safety technology.

Chrysler announces employee pricing, $6,000 rebates

Chrysler LLC, reeling from plunging U.S. sales and bulging inventories, will offer all customers the same prices paid by employees and boost rebates to as much as $6,000. The program, called "Employee Pricing Plus Plus," begins Monday on Jeep, Dodge and Chrysler models.