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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.

Infiniti Q50 to arrive at Geneva 2013 with ‘European Power’

The new Infiniti Q50 – the Infiniti formerly known as the G37 – will make its European debut at Geneva 2013 with a diesel and turbo petrol option. The Infiniti Q50 debuted at the Detroit Auto Show last month and came with the same two engine options the G37 got, namely the 3.7 litre V6 petrol with 323bhp and a 3.5 litre V6 hybrid sporting a total of 355bhp. But that engine lineup isn’t going to be enough to make sales of the new Q50 in Europe, where fuel costs so much more than in Infiniti’s core U.S.

Pensioner rescued from sinking car

A PENSIONER had a lucky escape when he was rescued from his car just before it sank under water after he was stranded on a tidal causeway. The man, in his 80s, was trapped inside the vehicle with the sea rising around him after he got stuck on the causeway between Overton and Sunderland Point, Lancashire, the RNLI said. Emergency services were called just before 3.30pm yesterday and the Morecambe RNLI's inshore lifeboat crew found the man inside the car and unable to open the doors because of the pressure of water.