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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.

Final Corvette freed from museum sinkhole, and it ain't pretty

At last, our long national nightmare is over: All eight Corvettes sucked into the Bowling Green, Ky., National Corvette Museum sinkhole back in February are back at ground level. And there's a lot to be happy about. First and foremost, we're thankful no one was hurt in the incident, which happened in the early morning hours of Feb.

Nissan’s black cab: what will London’s new taxi be like to ride in?

Nissan Around 300,000 people use black cabs in London every day, and by the end of 2014, they’ll be faced with a new alternative in the form of Nissan’s NV200 London Taxi, unveiled today. See Nissan's new London taxi The Japanese manufacturer has done its best to make the NV200 echo the carbon-dateable TX4 (which owes much of its styling to the 1958 Austin FX4), but let’s be honest – the new Nissan looks like a van. No coincidence there – it is based on the NV200 commercial vehicle.