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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.

Nissan is latest carmaker to salute U.S. military members with special discounts

Nissan is now among automakers offering discount pricing for U.S. military members, the company confirmed last week. The Nissan Vehicle Purchase Program extends to all active and reserve members of the U.S.

2012 SEAT Ibiza facelift arrives in the UK – and with a price drop

The 2012 SEAT Ibiza facelift arrives in the UK With the Geneva public debut for the SEAT Ibiza facelift, the titivated Ibiza arrives in the UK with a small price drop. SEAT revealed a facelift for the 2012 Ibiza in January and debuted it last week at the Geneva Motor Show. But with that out of the way it’s now time to get the order book for the new Ibiza buzzing, and a price drop is not a bad way to do it.