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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.

GM leapfrogs Toyota

By Chris Hope Motor Industry 24 July 2007 10:19 Is General Motors winning the battle, but not the war? GM this week wrestled back its top spot as the world's biggest car maker from Toyota. The Japanese maker was the global number one in the first quarter of 2007 but GM has hit back in the second quarter from April to June to reclaim its 76-year-old crown.

Concept Car of the Week: Italdesign Machimoto (1986)

The Machimoto might look and sound like a Japanese concept, but it was developed in Europe in the Turin-based Italdesign studio, and was based on a Volkswagen Golf GTI platform. The name actually derives from MACHIna (car in Italian) and MOTOciclo (motorcycle) as the perfect hybrid between the worlds of two- and four-wheelers. Unveiled on its home turf at the Turin motor show in 1986, it landed like a UFO, shocking both the public and the press.