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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.

Vauxhall Promotes ‘Black Box’ Insurance Tech For Young Drivers

CASH-STRAPPED young drivers rejoice – Vauxhall is to offer drivers between 18 and 20 one year’s insurance cover for a one off payment of £99. To qualify you’ll need to opt for one of Vauxhall’s Corsa Excite or Limited Edition models. The car maker is teaming up with insurance provider ingenie, and each car is fitted with ‘black box' technology which monitors driving style, including speed, acceleration, braking and cornering.

Volkswagen Group takes over BlackBerry's European R&D center

The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.