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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.

VW Phaeton returning to America as early as 2018

Though the Volkswagen Phaeton -- the brand's range-topping, understated luxury sedan -- disappeared from the United States market in 2006, never actually died. The tech-laden luxobarge is still offered overseas, and it has seen a number of revisions and updates since it was last offered here. Of course, much more has changed since 2006 than the Phaeton's front fascia.

Insane £2.8m Lamborghini Veneno Roadster: in pictures

One of the reassuring things about the, uh, extraordinary Lamborghini Veneno that debuted at the 2013 Geneva Motor Show was that Lamborghini would only build three of them. So the chances of it actually poking your eye out were really rather slim. Now though, Lamborghini has confirmed it will also build the even more astonishing Veneno Roadster pictured above.