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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.

Hyundai Veloster Turbo gets cheaper

Hyundai are set to launch an additional model of the Velsoter Turbo to sit below the Turbo SE for around £2 less. With the regular Hyundai Veloster starting at £18k and the Velsoter Turbo at £22k, Hyundai has worked out there’s a middle ground price point – can you guess what it is? So to fill that gap (yes, it’s a £20k entry point) Hyundai are to launch the bog-standard Veloster Turbo (without the SE badge) which will lose some of the equipment but, as far as we can see, keep the butch cosmetic bits on the exterior.

Mercedes C63 AMG Coupe: The Video

Mercedes C63 AMG Coupe Video Yesterday saw the official reveal of the Mercedes C63 AMG Coupe, ahead of its debut in April at the New York Motor Show. And we may have seemed a tad dismissive. Which wasn’t the intention.