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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.

Land Rover Discovery 4 Landmark Limited Edition

Land Rover Discovery 4 Landmark - The Black & White Disco It’s the time of year that car makers make an extra effort to sell some metal. Cars don’t exactly walk away from showrooms of their own accord at the start of the year – not until the new plate kicks in in March – so an extra incentive or three is in order to get punters to write a cheque. Depsite a cracking year for Land Rover they’re not resting on their laurels, and have churned out a Limited Edition Discovery – Land Rover Discovery 4 SDV6 Landmark - to tempt buyers to treat themselves to the best 4×4 when the winter weather kicks in properly.

RCA 'Future Car' design competition winner announced

Michal Vlcek, a first-year student in the Vehicle Design department at London's Royal College of Arts, has been announced by the organizers of the London Motorexpo as the winner of the competition to design an innovative electric-powered car. The competition, which was open exclusively to RCA students, asked for designs for the four person electric vehicle of 2032, using "the packaging advantages of an electric motor to move way from the formulaic styling of many modern-day passenger cars". Vlcek's high-quality artwork and lateral thinking proved to be instrumental in his success.