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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.

Speed causes crashes? More accurate reporting would improve driver education and safety

I am a professional race-car driver with 30 years of experience, and I still drive for General Motors' Cadillac race team in the Pirelli World Challenge series. I also have 20 years of experience educating new drivers, parents and driver-education teachers regarding safer street driving. This apparent (to some people) contradiction of experience puts me in the position of being a bit of a sounding post.

Peter Schreyer to receive 2014 EyesOnDesign Lifetime Design Achievement Award

Peter Schreyer has been chosen by a panel of his fellow designers to receive the 2014 EyesOnDesign Lifetime Design Achievement Award. Schreyer, Kia and Hyundai's chief design officer and one of three presidents, directs the design strategy for the both Kia and Hyundai. He's the first non-Korean to hold the position of president and is one of the highest-ranking designers in the industry's history.