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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.

Porsche 911 Carrera 4 (2012) first official pictures

Porsche has a new four-wheel drive - but it's not the Macan crossover, or an SUV of any description. The new-generation 911 has had the all-paw treatment, growing wider wings and fatter tyres in the process. It's also lost around 65kg compared with the old 997 Carrera 4, and Porsche claims it's a good deal faster too.

One last hurrah: the 1994 MG RV8

It's tough to imagine the British car scene in North America without the MGB, which remains a popular starter classic and is available in every price range imaginable--and some price ranges that aren't. The iconic MGB was in production from 1962 until 1980, an entire era that saw relatively few changes introduced to the well-proven design. The marque itself was overseen by three corporate parents during those 18 years on the line: BMC, British Motor Holdings and, finally, British Leyland.