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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.

2014 Audi A8 Facelift teased with design sketches

It’s the 2014 Audi A8 facelift, complete with LED lights all round It’s getting on for four years since the current Audi A8 was revealed, although only three since it arrived in showrooms. But now it’s time for a facelift. As this is Audi, don’t expect wholesale changes to the look of the A8.

At GM, the tail fin is back--but now it's a blade

Tail fins are making a comeback at General Motors Co., although they are a far cry from the saillike appendages of the 1950s. And this time the company is calling them blades. The look, pioneered on the Chevrolet Volt to improve aerodynamics, will appear on other models to boost fuel economy, said Ed Welburn, GM's global design chief.