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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.

Kia Carens (2012) first offical pictures

Another Paris motor show attendee has been confirmed today: the lower, sleeker, altogether less mumsy 2012 Kia Carens. Ex-Audi design guru Peter Schreyer looks to have treated the Carens to the now-trademark Kia grille and more European-style design, but all we've got to go on so far are these rather 'negative' teaser images from Kia. Kia's 2012 Carens: the details Judging by these Photoshopped teaser photos, the new Kia Carens is a world apart from the more squared-off, minivan MPVs that have gone before.

Cars of the future could be powered by seawater

Water from the sea could power cars of the future, if experiments currently being trialled by the US Navy prove to be successful. According to Jalopnik, the US Naval Research Laboratory is turning carbon dioxide from seawater into hydrogen, with the hope of fuelling its jets from alternative sources. Hydrogen cars ‘on sale next year’ Zero-emissions hydrogen fuel-cell cars on sale in 2015 – Hyundai If successful, researchers predict it’ll cost between $3 and $6 per gallon – that’s approximately 40p to 80p per litre.