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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.

Who's Where: Peter Arcadipane appointed BAIC's design director

Peter Arcadipane has joined BAIC as its new design director. Based at its new hi-tech design facility in Beijing, China, he oversees a team of around 130 designers. The Australian designer, formerly of Mercedes-Benz, has been challenged to steer state-owned BAIC towards a more coherent and strategic position within China, with its chairman wanting to take the carmaker more upmarket.

Peugeot 5008 revealed

The new Peugeot 5008 MPV / People Carrier - to debut at Frankfurt Peugeot has released details of their new MPV – the Peugeout 5008 – ahead of the official unveil at the Frankfurt Motor Show in September. And yes, it does have a look of the TVG on the snout, and promises to be able to carry almost as much luggage as the nippy French train. A massive 2500 litres of space with all the back seats down, and a still capacious 823 litres in 5 seat mode.