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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.

Driving the Nissan EV: We get seat time in a prototype

We got to fling a prototype of the coming Nissan electric vehicle around the parking lot at Dodger Stadium and, like the Dodgers themselves on Opening Day, it was a winner. The prototype body was a previous-generation Cube, but the drivetrain of the car was "99 percent there," according to Nissan. So we drove an old car with the new drivetrain.

Jaguar XJ & XF get 4WD

Jaguar has announced that four wheel drive versions of the Jaguar XJ and Jaguar XF will be available – but not in the UK. Jaguar has long bemoaned the lack of a 4WD platform for their cars, and even blamed such a lack of flexibility for the delay in launching the XF Sportbrake. We’ve been expecting Jaguar to reveal a 4WD version of the XJ for a while (especially as the new Range Rover utilises the same platform) but we didn’t expect a 4WD XF until the next generation XF launches in a couple of years.