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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.

Jeep Grand Cherokee SRT8: Australia gets 1,000 but UK gets just 100

Jeep Grand Cherokee SRT8 - just 100 coming to the UK The range-topping Jeep Grand Cherokee SRT8 arrives in the UK in the Autumn, but just 100 cars are allocated to the UK in the first year. We like just about everything that makes up the new Jeep Grand Cherokee SRT8. We like its styling – still very US but with a welcome does of European panache; we like  its interior – no longer an American plastic feast; we like it’s price – there’s a lot on offer for not silly money.

Michelin Challenge Design-CCS 2014 winning projects explored

Michelin has revealed the winners of the 2014 Michelin Challenge Design Competition for the College for Creative Studies (CCS). This year's challenge saw 16 student entries based around the global Michelin Challenge Design theme of ‘Driven/Undriven: The Duality of Tomorrow's Automobile'. Michelin asked the students to explore innovative concepts of vehicle autonomy in teams of four.