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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.

Drayson Racing and RCA launch EV racing car contest

Drayson Racing has launched a contest with the Royal College of Art's Vehicle Design program to design electric racing car concepts for the FIA's new Formula E series, which is set to start in 2014. The RCA's students are asked to present designs that explore new themes within the technical constraints as part of this course's curriculum. The previous Drayson Formula E concept was developed by Sergio Rinland who will be part of a series of workshops and lectures on aerodynamics, engineering packaging, production engineering and materials, giving students the technical knowledge to develop their designs.

Mercedes CLS63 AMG gets more power for 2013

You wait for ages for a Mercedes four-door with supercar performance, and then two come along at once. Joining the facelifted E63 AMG saloon and estate unveiled this week are uprated versions of the CLS63 four-door coupe and Shooting Brake estate - packing a revised model range, and extra power. A straight engine swap for the 2013 Mercedes CLS63 AMG?