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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.

Lotus 'Eagle' (2009): first pictures

By Ben Pulman First Official Pictures 15 July 2008 19:00 This is the long-awaited new Lotus 2+2, with a 3.5-litre Toyota V6 and four apparently useable seats. It's the first new Lotus for 13 years and a pretty significant launch, due for its show debut at the 2008 London motor show later this month on 22 July 2008. That's when we’ll find out the name of this new Lotus – codenamed Eagle – but in the meantime the company is teasing us with some new details.

2012 Mercedes SLK 55 AMG costs £54,950

2012 Mercedes SLK 55 AMG The Mercedes SLK 55 AMG, which was revealed at the Frankfurt Motor Show, is to cost £54,950 in the UK. The 2012 Mercedes SLK AMG 55 was revealed just before the Frankfurt Motor Show, and Mercedes told us it would go on sale in the UK in early 2012. So it’s a good job they’ve finally managed to come up with a price for the new SLK 55 AMG so at least UK buyers will finally know what they’ve got to stump up – £54,950.