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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.

Hyundai HND-9 Coupe Debuts

Hyundai’s stunning HND-9 Coupe Concept, which previews a new Hyundai design language and probably the next Genesis Coupe, debuts in Seoul. Now the HND-9 has been revealed, and it’s a bit of a looker. No, it’s actually a lot of a looker.

Ford Figo – Cool for India

The Ford Figo - made in India For has spent a few bob – around £300 million – expanding its car making facilities in India at Chennai to make the plant capable of producing 200,000 cars a year which, as Alan Mullaly, Ford’s CEO said, does show how serious Ford are about the Indian market. The Figo – which is apparently colloquial Italian for ‘Cool’ – shares Ford’s small car platform, which means that under the skin it’s a Fiesta. It looks like a Ford too, with the usual ford ‘Kinetic’ design cues written all over it.