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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.

Tesla debuts Model X electric crossover

Months before its sleek Model S sedan is even in showrooms, Tesla has rolled out its AWD Model X sort-of-non-SUV, the vehicle to come after that. Cheering throngs of supporters at Tesla's Los Angeles Design and Engineering Building woot-woot-wooted. And?

New Ford F-series prototypes spied testing

A pair of completely camouflaged trucks spied testing near the Ford headquarters in Dearborn, Mich. prove that the Blue Oval is definitely hard at work on its next generation F-series pickup headed our way in 2015. Beyond that, it's all speculation.