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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.

Audi TTS Limited Edition coming to the UK. Price from £38,860

Audi TTS Limited Edition marks 500,000 TT sales In some ways the Audi TT seems to have been around for ever, although it was actually launched in 1998 and garnered fame as a bit of a softy aimed at hairdressers and others who valued cosmetics over ability. But the latest Audi TT is a much better car and does offer real performance and real driving fun, especially if you opt for the TT RS. In the fifteen years since the TT launched, Audi has managed to flog 500,000, and to celebrate we’re treated to a new TT limited edition – the Audi TTS Limited Edition – which comes with cosmetic tweaks and as a coupe or roadster.

Mercedes AMG had its best ever year in 2013 – sales up 40 per cent in the UK

Record sales in 2013 for Mercedes AMG AMG is becoming more and more important to Mercedes, not just in numbers sold but in the performance glow AMG versions of Mercedes cars cast across the whole range. And those numbers of AMG Mercedes sold reached new highs in 2013 with AMG reporting sales of 32,200, the biggest ever total from Mercedes performance division. AMG’s three key markets – the UK, US and Germany – all posted record sales, but it was the UK that saw the biggest growth with sales up by 40 per cent (up 20 per cent ion the US and 10 per cent in Germany).