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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.

Cost of garage labour falling

THE AVERAGE labour rate at both franchised and non-franchised garages has fallen compared to 2012, according to new figures. An annual survey of 12,000 cases conducted on behalf of Warranty Direct has concluded that the average labour rate in 2013 is £74.70, a fall of 9.84% from £82.86 in 2012. Less encouraging is the overall trend of rising labour rates, with the average having increased by 33% over the last ten years.

Italdesign-Giugiaro collaborates with Dassault Systèmes to ensure design leadership in the next decade

During its 42 years in the automotive service field, Italdesign-Giugiaro has worked with many international carmakers and has been responsible for some of the world's most revered concepts and production vehicles. In May this year, the firm became part of the VW Group, marking a new era in its growth. Italdesign-Giugiaro provides services for complete project development within three main areas: styling, engineering and testing and prototyping, which all operate autonomously within the organization.