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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.

Penske's plan for Saturn: Sell Samsung vehicles

Entrepreneur Roger Penske wants to use the Saturn dealership network to sell vehicles built by Renault Samsung Motors and imported from South Korea. According to Automotive News, Penske recently met with Renault and Nissan CEO Carlos Ghosn in Paris to talk about the plan. Renault owns 80.1 percent of Renault Samsung.

Subaru Forester

Subaru has confirmed that the its new Forester SUV will be making its debut at the 2012 Los Angeles auto show later this month. The fourth-generation five-seater Forester, which is 4,595 mm long, 1,795 mm wide, 1,695 mm high sitting on a wheelbase of 2,640 mm, was developed to highlight its handling and stopping capabilities, enhanced safety and environmental performance. A ground clearance of 221 mm also emphasizes its ability to navigate all road conditions.