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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.

Malaysian Grand Prix (2013) RESULT

Sebastian Vettel sits on pole for Red Bull in the 2013 Malaysian Grand Prix with the two Ferraris right behind. Can Vettel make Malaysia his first win in 2013? It seems there were two races going on at the Sepang track in Malaysia this morning as the second race of the 2013 F1 Grand Prix season played out; one race on track, and the other between team drivers.

Morgan to reveal new 2+2 coupe in 2010

A classic car show seems like a fitting place to launch a new Morgan, and that’s exactly what visitors to this year’s Pebble Beach event will be treated to. The EvaGT is loosely based on the range-topping Aero Supersports, but has a fixed roof, steeply-raked windscreen and revised side window line, giving it a similar look to the limited-edition AeroMax. Morgan’s teaser pic suggests that the wings have been radically reshaped too.