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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.

Mazda celebrates the Miata's 20th birthday

Hard to believe, but the Mazda Miata is 20 years old. And Mazda didn't let the birthday pass without a party. On July 17, parked in the inner courtyard of Mazda R&D in Irvine, Calif., were examples of every significant Miata and MX-5 Miata ever made.

Volvo Concept XC Coupe at Detroit Auto Show – previews the new Volvo XC90 (+ video)

The Volvo Concept XC Coupe (pictured) will debut at Detroit next month Volvo are heading to the Detroit Auto Show next month with the second of three concepts planned utilising their new scalable platform architecture which will underpin almost all future models – the Volvo Concept XC Coupe. The first of the three new concepts from Volvo came at the Frankfurt Motor Show back in September as the Volvo Concept Coupe – a new take on Volvo’s iconic P1800 – but this time we get a concept that points firmly at the new Volvo XC90, due in a year’s time as a 2015 model. We’ve already got some idea of what Volvo’s designers think the new XC90 should look like, but the styling cues on the Concept Coupe – and the teaser photos of the Concept XC Coupe (above) – give us a much clearer view of what Volvo are planning for one of their most successful cars.