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News watch July 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 July 2010• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits.

Audi shows S3 Sportback (2013) – but is a used S3 a better buy?

Here’s Audi’s S3 Sportback, the five-door version of the 296bhp Quattro hot hatch unveiled last year. The S3 Sportback takes 5sec flat to accelerate from 0 to 62mph, that’s one-tenth of a second quicker than Audi’s official figure for its three-door stablemate. That’s because the initial 5.1sec S3 time was only an estimate, and Audi’s subsequent tests have shown the three-door S3 actually dipping below five seconds in the 0-62mph sprint.

Politecnico di Milano collaborates with Volkswagen for 2011 Masters course

Politecnico di Milano in Milan, Italy, is collaborating with the Volkswagen Group to create the third installment of its Masters Degree in Transportation & Automobile Design. The course, which will run for 15 months, will be open to 25 graduates. The deadline for applications is 23 May 2011.