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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.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.

2012 Ford Focus to get 1.0 litre 3-pot Ecoboost engine

2012 Ford Focus to get 1.0 Litre Ecoboost 3-pot We’re getting used to car makers downsizing engines to cope with the ever increasing regulations on emissions and economy; v10s become V8s and V8s become V6s. And now we’re about to see a Ford Focus forsake its traditional 4-pot lump for a 1.0 litre 3-pot Ecoboost lump. Ford has revealed plans to offer the new Focus with their latest 1.0 litre, 3-cylinder Ecoboost engine, starting in 2012.