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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.

Hyundai Arnejs

Hyundai has released this sketch of the Arnejs (ar-nez), a new hatchback that will represent the Korean firm in the busy European C-segment. The Arnejs is sister to the Kia C'eed, and will be on the road by Summer 2007 following its production preview at the Paris Motor Show.  The C'eed itself will be shown in production form nearby, ready for Fall sales this year. Expect engines to be shared between the two.

Malaysian Grand Prix Qualifying: Hamilton grabs pole for Mercedes

Lewis Hamilton takes pole in Malaysia in heavy rain Lewis Hamilton has secured his second pole position in two outings for Mercedes at the Malaysian Grand Prix – equaling Jim Clark’s record of 33 poles – as rain turned the Sepang track in to a lake. And with drivers quickly going on to full wets – and cars flying off the track as the rain took control of the qualifying sessions – the playing field was levelled, allowing Red Bull’s reigning World Champion, Sebastian Vettel, to almost pip Hamilton to pole, taking second place just 0.055s behind the Brit. Behind Vettel is the winner of the opening Australian Grand Prix, Nico Rosberg, in the second Mercedes, followed by the Ferrari of Fernando Alonso and the Red Bull of new boy Daniel Ricciardo – who was so impressive in Asutrali two weeks ago – taking fifth spot.