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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.

Autoweek in review: This week's wrap-up

--MotoGP's Marco Simoncelli died on Sunday in a crash on the second lap of the Malaysian Motorcycle Grand Prix, when his helmet came off and he was hit by other riders. Officials canceled the race. -- The Mazda Takeri concept will replace the Mazda 6 sedan within the next couple of years.

Hyundai teases new HCD-14 concept (2013)

Hyundai is no stranger to the coupé market and it plans to unveil another at the 2013 Detroit motor show next week - in the shape of the HCD-14.  No information regarding performance or pricing has been released yet, aside from a single teaser image, but a Mercedes CLS-type swooshing rear end won’t get any complaints from us. Hyundai HCD-14: the teaser    Hyundai says the HCD-14 'will give the automotive world a glimpse into future Hyundai premium vehicle design, advanced 3-D gesture-based technology controls, and spirited driving dynamics.' Standard concept car teasing twaddle, then. For the full story on the new Hyundai coupe, come back next week when we report live from the North American International Auto Show, aka the Detroit motor show.