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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.

Toyota targets conventional engine in defense of green image

In the race to boost fuel economy, overhauling the internal combustion engine is all the rage. Ford, Hyundai and Mazda are among those focusing on direct injection, turbochargers and improved transmissions as they reinvent their powertrain lineups. So with its emphasis on hybrids, Toyota Motor Corp.

Celebrating the Spirit of Ecstasy's centenary

In a bumper year of anniversaries for automotive manufacturers, Rolls-Royce is celebrating the centenary of the Spirit of Ecstasy. Quite possibly the world’s most famous automotive icon, the flying lady will be honored by renowned photographer Rankin through 100 images inspired by the figurine. Just as Charles Robinson Sykes – the man behind the original figurine – turned to his wife for the form of the Ecstasy, Rankin is using wife and model Tuuli Shipster for his work.