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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.

Chevrolet touts Corvette 427 convertible with race driver Tommy Milner

The 2013 Chevrolet Corvette 427 convertible doesn't need any hype--the 505-hp V8, a 0-to-60-mph time of 3.8 seconds and a top speed in excess of 190 mph make a strong statement. Nonetheless, Chevrolet has enlisted the help of Corvette Racing driver Tommy Milner in a trio of 90-second videos to tout the 427 convertible. In our favorite, Milner talks about the car's aerodynamics, including the optional carbon-fiber splitter, that help keep the car glued to the ground for better control.

The Monster Audio Lamborghini Veneno is Las Vegas

A Monster Lamborghini would be a monster Lamborghini; and a monster Lamborghini, so the thinking goes, could yet still be enhanced by Monster audio equipment. If Lady Gaga drove the Monster Lamborghini Veneno, she'd be a Fame Monster in a Monster Lamborghini. If someone played the "Space Jam" soundtrack from the Monster Lamborghini's Monster speakers, it'd be Monstars from Monsters in a Monster Lamborghini.