Oxygen Sensor Right/left Richporter Os5205 on 2040-parts.com

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.

Exclusive: Anthony Lo to become VP of Exterior Design at Renault

In another exclusive, Car Design News has obtained information regarding Anthony Lo's most recent career move. According to our industry contacts, Lo resigned as Director of Advanced Design at General Motors Europe, handing in his papers yesterday morning. He is now set to become Vice President of Exterior Design at Renault, working under recently appointed Design Director Laurens van den Acker.

Autoweek in review: The Cayenne Turbo S gets more power, we drive the new Aston Martin Vanquish, and a Porsche 962 for the street

The 2013 Porsche Cayenne Turbo S will now have 542 horsepower. The Cayenne Turbo S will sprint from 0 to 62 mph in 4.2 seconds, with a top speed of 176 mph. Click here for more details.