Volkswagen to enter F1?

VW already competes in Formula Three But we’re hearing reports that VW is considering going in to Formula 1 which – with manufacturer teams leaving willy-nilly – does perhaps seem a bit odd. And VW has no F1 history to speak of. Yes, Auto Union did participate in Grands Prix pre-war, Porsche had a very minor bash decades ago and Lamborghini has offered up a few engines for other teams.

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.

Chevrolet Code 130R, Tru 140S at 2012 Detroit show

Chevrolet's press conference at the 2012 North American International Auto Show was all about youngsters: namely the millennials, or 11-30-year-olds who hold increasing consumer power. GM reckons there are 80 million of them in the US, and they account for $1 trillion of spending power. So it's worth taking them seriously.