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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.

Mazda reportedly to pull out of Michigan joint venture with Ford

Mazda is reportedly pulling out of a joint manufacturing venture with Ford Motor Co. that was thought to be unprofitable for the Japanese carmaker. The site, AutoAlliance International, is about 25 miles south of Detroit and makes the Mazda 6 and the Ford Mustang.

Alfa Romeo 8C GTA & Alfa MiTo GTA Spied

The Alfa Romeo MiTo GTA & Alfa Romeo 8C GTA Spied Through the early part of last year we were convinced Alfa Romeo were going to launch a halo version of that cracking little car the MiTo, and bring the GTA badge out of the history box at the same time to create the Alfa MiTo GTA. Blimey, we not only managed to report details of the MiTo GTA but even had a video from Alfa of the MiTo GTA concept running around. But that all seemed to go out of the window when reports started flying round the car world last July that the Alfa MiTo GTA was dead and the hottest we’d get was the Alfa Romeo MiTo Quadrifoglio, although on both occasions we expressed the belief – probably more in hope than expectation – that Alfa would give us the MiTo GTA.