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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.

Guns blazing, dealer fights Hummer slump

For Hummer dealer Jim Lynch, shrinking sales of gas-guzzling SUVs triggered an idea. He decided to add new accessories to the product arsenal at his Chesterfield, Mo., store: guns and ammo. With payments on his $7.5 million mortgage looming, Lynch turned most of his Hummer showroom into a high-end armory, with 200 pistols, rifles and shotguns worth $250,000.

Citroen C5 Cross Tourer adds an ‘Allroad’ version to the C5 Estate

The new Citroen C5 Cross Tourer (pictured) debuts at Geneva We’ve said it before, but for many car buyers a full-blown SUV or Crossover is a step too far. A more rufty-tufty estate car is a much better option. That’s why Audi has had its Allroad options for a long time and why we’re seeing more and more of these butch estates – like the new Skoda Octavia Scout – as car buyers look to fill every possible niche.