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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.

Audi TT SUV concept: official sketches

Audi is set to reveal an all-new SUV concept car based on the Audi TT at the Beijing Motor Show. The new Audi concept will be the second time the brand has floated the idea of a TT-style SUV this year, following the unveiling of the Audi Allroad Shooting Brake show car at January’s Detroit Motor Show. The new Audi SUV concept will have more of an ‘off-roader’ feel than the Shooting Brake, and so will take its styling cues from the Audi Q-model SUVs, as these images show.

Koenigsegg's craziest supercar yet debuts at Geneva

Here's what you need to know about the Koenigsegg One:1. It weighs 1,360 kilograms; it produces 1,360 hp. One horsepower per kilogram, which is why mad scientist Christian Von Koenigsegg is absolutely justified in bragging about it: it's the world's first "mega car," he said.