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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.

Vauxhall Adam gets new 1.0 litre 3-cylinder engine, Cascada new new 1.6 SIDI turbo with 197bhp

Vauxhall Adam & Vauxhall Cascada get new engines Vauxhall (and Opel, for that matter) are on a mission to fit new, more powerful and more efficient engines in cars across their range, and new engines are on their way for the Vauxhall Adam and the new Cascada. The Vauxhall Adam gets a new 1.0 litre 3-cylinder engine from GM’s SGE (Small Gasoline Engine) family that will ultimately offer 3 and 4-cylinder engines up to 1.6 litres. The 1.0 litre 3-pot for the Adam gets 113bhp and 122lb/ft of torque (it’s Vauxhall’s take on the hugely successful 1.0 litre EcoBoost Ford are busy introducing across their range) mated to a new six-speed gearbox.

Porsche Panamera explained in greater detail

Porsche has revealed previously undisclosed details of its new Panamera ahead of a planned public debut at next month's Shanghai motor show. On sale in North America on Oct. 17, the first-ever Porsche sedan will cost more than the BMW M5 and the Mercedes-Benz CLS63 AMG, with prices starting at $89,800 for the base rear-wheel-drive Panamera S and rising to $93,800 for the four-wheel-drive Panamera 4S.