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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.

Daimler-Renault alliance to delay new Smart and Twingo models, report says

Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper. The cars will now come to market in 2014 instead of 2013, La Tribune said, citing industry sources. The next ForTwo and the third-generation Twingo will be built on Renault's A platform, with ForTwo production continuing at Smart's plant in Hambach, France, and Twingo output at Renault's Novo Mesto factory in Slovenia.

Mazda diesel delayed again

If you've been waiting for a Mazda 6 diesel, prepare to wait a bit longer. After delaying the US launch until Spring 2014, Mazda now says it won't meet that target date either. Mazda says the engine meets current emissions standards using only a particulate filter, but the resulting blend of performance and fuel economy isn't up to snuff.