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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.

Oprah viewers get keys to 2012 Volkswagen Beetle giveaway cars

The redesigned 2012 Volkswagen Beetle is arriving at dealerships, and some of the first people to get one have waited nearly a year. Talk-show host Oprah Winfrey revealed the Beetle's design silhouette on her "Ultimate Favorite Things" giveaway show in 2010 and told audience members that they would be among the first owners. On Thursday, 276 people got their cars.

New Year drink-drive warning for revellers

SOME revellers will drink so much to see in the New Year that they might be over the legal driving limit for nearly all of January 1, the AA has warned. As many as 21% of people plan to drink at least 10 units of alcohol at New Year's Eve celebrations, potentially putting them still over the limit by 12 noon on New Year's Day. And the AA/Populus survey of more than 21,000 drivers also revealed that 2% would drink to such an extent that they risked being over the limit as late as 10pm on New Year's Day.