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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.

Aston Martin AM 310 Vanquish

Aston Martin has released details of its 2013 AM 310 Vanquish, the modern interpretation of its classic luxury sports car which is set to replace the DBS. One-77 design cues such as the flowing waistline and LED light blade rear clusters and new design elements such as the lift-reducing rear Aero Duct, bonnet vents, sculpted roof and side strakes feature. A splitter, light-catching side skirts and a rear diffuser form a near-continuous ring of exposed carbon fiber at the base of the car.

smart fortwo gets a facelift for 2012

The smart fortwo gets a nip and tuck for 2012 The smart fortwo has been given a small cosmetic facelift for 2012, and will debut at the Geneva Motor Show in March. The perpetual loss-maker for Mercedes that is the smart car (the other being Maybach, which is now being left to wither on the vine) still continues, and Mercedes are planning a replacement, previewed by the recent smart forvision concept which heralds the new smart fortwo which will share its platform with the next Renault Twingo. But to freshen the current smart fortwo until the all new smart fortwo arrives, Mercedes has rolled out a few cosmetic tweaks for the current smart fortwo for 2012, but haven’t bothered to tweak either the chassis or engines.