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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.

2010 / 2011 MINI Revealed

The MINI Range 2011 The MINI has had a terrific run under the ownership of BMW. It’s spawned an unbelievable number of specials and one-offs yet still seems to strike a chord in the hearts of buyers, despite its ubiquity and the arrival of challengers such as the Fiat 500, Citroen DS3 and Alfa Romeo MiTo. But there’s a new danger lurking in the wings for MINI with the imminent arrival of the A1.

Why carmakers say no to battery swapping

There's a strange disconnect surrounding Better Place, the company best known for its plan to extend the range of electric vehicles by relying on speedy battery swaps. Automotive executives are nearly unanimous in dismissing the idea. With the conspicuous exception of Nissan-Renault CEO Carlos Ghosn, rarely does an executive express interest.