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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.

Fiat 500L gets a helping hand from P Diddy (video)

Sean ‘Diddy’ Combs gives Fiat a helping hand with the 500L Fiat has done well to convince a trendy section of American car buyers that the Fiat 500 is a funky, cute and desirable runaround – especially if you live in the city. But having effectively put all their eggs in the 500 basket, they have the problem of convincing sceptical US car buyers that the much bigger Fiat 500L is an appealing – and much more practical – proposition for families. So Fiat has enlisted Sean Combs (P Diddy, Puff Daddy, Diddy or whatever moniker he’s using this week) to give the Fiat 500L a bit of much needed profile.

McLaren MP4-12C Sets 7.28:00 at Nurburgring +video

McLaren MP4-12C sets a time at the Nurburgring We’ve had a spate of claims for lap records at the Nurburgring by production cars, and the latest to play the game is the McLaren MP4-12C, with McLaren claiming a time of 7.28:00. The last shenanigans we had with Nurburgring records was with the Dodge Viper SRT10 ACR setting a Nurburgring time of 7:12.13 which, although very quick – and claimed as a Nurburgring record – wasn’t actually a record at all. Although we do have sympathy with our colonial cousins who believe its validity is greater than that of cars like the Radical.