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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.

Mercedes GLA Edition 1 announced

The Mercedes GLA Edition 1 (pictured) is a luanch edition for the new GLA SUV The new Mercedes GLA Compact SUV had its public debut at the Frankfurt Motor Show last week, and is due to go on sale in November. But when it does go on sale, sales will start off with a limited run of GLA Edition 1 cars, just as Mercedes did with the CLA 45 AMG Edition 1, but in the case of the GLA you’ll be able to spec the Edition 1 pack on any GLA model. With a choice of four exterior colours - Cirrus White, Mountain Grey Metallic, Orient Brown Metallic and Designo Magno Mountingrau – the Edition 1 comes with 19″ AMG alloys, bi-xenons, aluminium roof rails, extra chrome, leather flat-bottomed steering wheel, comfort seats and splashes of aluminium trim and stainless steel pedals.

Gert Hildebrand on his new challenge at Chinese startup, Qoros

Qoros Auto, a new start-up luxury automaker which launched in China late last year, is poised to take on the established German firms in the increasingly competitive luxury segment. The company was formerly known as Chery Quantum Auto Co. Ltd (“CQAC”) and is a 50/50 joint venture between Chery Automobile and Israel Corporation.