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Crunch watch July 09: the auto industry in crisis

By Tim Pollard, Ben Pulman, Ben Whitworth and Alex Michaelides Motor Industry 31 July 2009 11:23 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Friday 31 July 2009• Lamborghini today posted pre-tax profits of €5.4 million – despite a sales drop of 37% in the first six months of 2009. Sant'Agata said turnover hit €156.9m in the first half (down 43%) as it sold 825 cars globally (Lamborghini)• British motorists could have to pay £250 in tax to park at work from 2012.

2011 BMW X3 M Sports Package: Official

BMW X3 M Sport Package - on sale Spring 2011 BMW has taken the wraps off a bit of butchness for the 2011 BMW X3 with the reveal of the M Sports Package. Which won’t surprise regular readers much as we reported on the 2011 BMW X3 M Sports Package as far back as July. Still, it’s nice that BMW has got round to making it official.

Subaru VIZIV 2 Concept teased for Geneva Motor Show

First tease for the Subaru VIZIV 2 Concept The Subaru VIZIV 2 Concept teased for a Geneva Motor Show debut is yet another concept from Subaru that points to a new crossover – at some point. Subaru kicked of the VIZIV Concept (VIZIV apparently stands for ‘Vision for Innovation’) path at last year’s Geneva Motor Show with the first VIZVIZ concept which, said Subaru, represented the future design and vision for technical innovation. Subaru aren’t saying anything much about VIZIV 2 ahead of Geneva, but the original VIZIV Concept came with a four-pot 2.0 litre boxer engine helped along by a pair of electric motors powering the back wheels and another electric motor providing power for the front wheels.