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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.

Audi A1 subcompact teaser

Audi has released a teaser shot of a new premium subcompact, the A1, which will be revealed at the Geneva auto show in March. The shot is a graffiti-style teaser and reveals very little. Still, it appears to be a fairly bold design, with a prominent front end, short front overhang and large wheel wells.

Audi A4 top of the heap in Germany

The Germans love a premium saloon car, and make some of the finest there are. BMW, Mercedes and Audi all have a fine range of premium cars, but it’s BMW who have taken the bulk of the sales with the 3 Series. But not any more.