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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.

Ford Mondeo Vignale Concept at the 2013 Frankfurt Motor Show

With the marques in its erstwhile premium brand portfolio having moved on to pastures (and owners) new, Ford looks a little lacking in the options when it comes to challenging at the plusher end of the global car market. Vignale is the Blue Oval’s response. “A unique upscale product and ownership experience” is how Ford was selling Vignale as the covers came off the Mondeo Vignale Concept car at Frankfurt 2013.

Volvo Flywheel KERS Hybrid cuts fuel consumption by 25%

Two years ago we reported that Volvo were testing a clever hybrid Flywheel KERS system for road cars and hoped it would prove to be a good way to make road cars more economical. And it seems it does. The Hybrid Flywheel KERS system Volvo has developed weighs only 6kg, has a diameter of just 20cm, is made of carbon fibre, sits in a vacuum and is located on the back axle and works by recovering energy under braking which is then stored for use when the car moves off.