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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.

Bonhams' Greenwich auction will show Italian rarities

The biggest star of Bonhams' seventh annual Greenwich auction will be the 1975 Lamborghini Countach LP400 Periscopica shown above, a pristine early example of the legendary wedge with a single owner and less than 10,500 miles -- its roof carried a groove cut into the sheetmetal that allowed light to hit the rearview mirror, providing a still-laughable semblance of rearward visibility. Of course, the door is always preferable. Just 158 LP400 Countachs were ever produced, before the firm moved on in 1978 to the outrageously styled LP400S.

College Exhibition: Elisava University Show 2005

Students from the Transportation Design Masters program at Spain's Elisava School of Design presented their work in the 2005 Degree Show entitled 'Real Transportation', held in October at the Mies van der Rohe Pavilion in Barcelona. This was the sixth edition of the Transportation Design Masters course. The projects by this year's students aimed to bring creative solutions to real transport issues, while taking into account aspects such as mobility, aerodynamics, environmental impact, ergonomics, legislation, materials, production, security, technology and aesthetic principles.