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Crunch watch July 09: the auto industry in crisis

By Tim Pollard, Ben Pulman, Ben Whitworth and Alex Michaelides Motor Industry 31 July 2009 11:23 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Friday 31 July 2009• Lamborghini today posted pre-tax profits of €5.4 million – despite a sales drop of 37% in the first six months of 2009. Sant'Agata said turnover hit €156.9m in the first half (down 43%) as it sold 825 cars globally (Lamborghini)• British motorists could have to pay £250 in tax to park at work from 2012.

Chevrolet Corvette Z06 (2014) first teaser picture

By Ben Pulman First Official Pictures 05 December 2013 11:00 Coincidence? On the same day that Ford has revealed the new Mustang, Chevrolet has announced a new Corvette in a cheeky bid by one iconic American sports car to deflect attention away from another. Unlike the Mustang it’s not an all-new model, but instead a harder, faster, more track-focused variant of the Corvette, the new Z06.

Design Contest: Michelin Challenge Design announces 2007 theme and call for entries

At the 2006 North American International Auto Show, Michelin Challenge Design announced its theme for the 2007 Challenge. Michelin Challenge Design will ask entrants to explore the future of transportation design using safety as the focus and inspiration. "Road Safety for Everyone" is the official theme in what has become one of the industy's fastest-growing design forums.