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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.

Future products: Bugatti replacement has more luxury, fewer horses

Bugatti, Volkswagen Group's exotic sports-car brand, is ending production of its Veyron and will replace it with the tamer but more luxurious Galibier. 16C Galibier: The four-seat sedan is expected to go on sale in 2013 for about $1.5 million. Only 300 will be produced.

Extended Fast & Furious 6 trailer is basically what you'd expect it to be

At 3 minutes, 22 seconds, the newly released Fast & Furious 6 trailer is exactly 3.2 times longer than the Super Bowl commercial, but it seems to contain roughly the same amount of plot. There are tense moments between Vin Diesel and Dwayne Johnson, a tank, a Euro Ford Escort and various Fiat/Mopar products. There is a Jensen Interceptor.