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Volvo poised for V8 Supercars entry Down Under in 2014

Volvo has confirmed that it has entered a factory team into the V8 Supercars for 2014. Volvo Polestar Racing will enter one of the world’s biggest touring car categories with a pair of V8-powered S60s, joining Nissan, Mercedes, Holden and Ford (which is rumoured as potentially departing the series). Where will the S60 get its V8?

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.

Tesla EV stores could be banned in New Jersey

New Jersey has become the third U.S. state to halt the sales of Tesla cars sold directly through Tesla from company-owned outlet stores. New Jersey follows in the steps of Arizona and Texas in implementing a rule that would ban Tesla from operating its stores, which are alleged to violate state dealer-franchise laws mandating vehicles sales through third-party dealerships.