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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.

2012 Kia cee’d – first photo

2012 Kia cee'd Ahead of a debut at the 2012 Geneva Motor Show in March, we have the first official photo of the 2012 Kia cee’d, which goes on sale in June. This may be the week of the Detroit Auto Show, but it’s not stopping car makers giving us a taste of what’s in store at Geneva in the Spring. Earlier today we had the Vauxhall Mokka previewed ahead of its Geneva debut and now we get the first official photo of the new 2012 Kia cee’d.

Cash for clunkers plan revives trade fight

Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.