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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.

Aston Martin Hybrid Hydrogen Rapide S racer (2013) first pictures

Aston Martin will race this hydrogen-powered, twin-turbocharged Rapide S at the Nurburgring 24 hour endurance race in May 2013. The radical Rapide is set to become the first hydrogen-powered car to compete in an international racing event, and the only car ever to complete a racing lap of the infamous Nordschleife without emitting so much as a gram of carbon dioxide. Read on for the under-the-skin tech lowdown.

Decision is near on Maybach

Daimler AG will decide the fate of Maybach by July 1. The two options: Kill the slow-selling superluxury sedan or partner with British carmaker Aston Martin on a second-generation car. At a Daimler event in Stuttgart, Germany, last week, CEO Dieter Zetsche said "there is a higher likelihood to come to a positive decision" for a second-generation Maybach if a partner is involved.