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Seat Leon Cup Racer revealed

Volkswagen’s Spanish daughter company, Seat, has unveiled the new Leon Cup race car. Set to get a public airing at this week’s Woethersee fan meet in Austria, the new front-wheel drive hatchback runs a heavily tuned version of parent company Audi’s EA888 turbocharged 2.0-liter four-cylinder petrol engine developing about 325 hp and 184 lb-ft of torque. In standard guise, drive is channeled through a six-speed dual-clutch gearbox.

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.

Pagani Huayra Roadster planned

Pagani reveals there will be a Huayra Roadster by 2014 We had so many stories on the Pagani Huayra through January and February we began to wonder if there were any angles left to cover. From the first teases on the Huayra from Pagani to our world-exclusive reveal of the first official photo of the Huayra, we covered every base there was to cover before the launch. But Huayra stories have disappeared from the headlines as we wait for Pagani to actually make a car or two for customers and some real-world shots.