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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.

VW Touareg R-Line arrives & Volkswagen cut price of VW CC

Volkswagen has launched the Touareg R-Line in the UK with sporty looks and extra equipment,  and cut the price of the VW CC. A lot of VW’s SUVs – big and small – do conspire to look a bit bland in standard guise, so to give sales a bit of a boost VW is busy rolling out the R-Line option to tart up their cars a bit. Latest to arrive is the VW Touareg R-Line – Volkswagen’s biggest SUV – which gets the full R-Line makeover with a sporty take on the Touareg’s look by adding new butch bumpers and side skirts, the addition of a set of 20″ Tarragona alloys, R-Line badges – inside and out – and panoramic roof.

VW Sharan (2010/2011) teased

Volkswagen is teasing the 2010 Sharan ahead of a Geneva reveal Update 2/3/2010: VW has now revealed the 2010 Sharan at the Geneva Motor Show. Well, we say teased, but it’s an odd sort of tease. Rather like the even more low-key tease Porsche has done for the new 2010 Porsche Cayenne.