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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.

Audi TT speedster 'will be built'

By Tim Pollard Motor Industry 20 May 2008 12:15 Audi will build a limited production run of the TT speedster we scooped last week, CAR Online can reveal. The company is planning to make between 50-100 of the chop-top TT especially for the Middle East market. Although spokesmen in Europe have denied any production plans for the unusual open-top TT we spied on test in southern Germany, Audi's marketing director for the Middle East, Bernd Rosenbichler, told us they were planning a small production run for enthusiasts in hotter climes.'We have been asked [by Audi AG] if we could imagine bringing this car here,' he told CAR.

Finalists announced in Fiat UK's 'Smiles per Hour' design competition

Fiat UK has picked five finalists in the ‘Smiles per Hour Design Competition', a design contest we first told you about back in July. The aim of the competition was to find a budding designer in Britain who would develop a clever and amusing new way to travel. Following an initial judging process, the selection for best designs comprised of Simon Tarrant's 'Street Rower'; Nick Rawcliffe's 'Snowbone'; Natalie Daghestani's 'Hylo female commuter shoe'; Steven Spong's ‘Longbow'; and Harley Zblewski's 'Suitcase Car' -  a design we first saw at Coventry University's annual Degree Show in June.