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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.

VW Cross Up! arrives ahead of Geneva 2013

Volkswagen has revealed a rugged, rufty-tufty version of the Up! City car – the VW Cross Up! – ahead of a reveal at the 2013 Geneva Motor Show.

Hyundai and ARK introduce Legato Concept for SEMA

Hyundai is adding the Legato Concept to its SEMA stand in Las Vegas. The sleek, silver coupe is based on the Genesis and will debut Nov. 5.