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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.

2013 Kia Carens heading for Paris 2012 debut

Kia has revealed the all new Kia Carens compact MPV with a modified cee’d platform and 5 and 7 seat options. Paris 2012 debut. Kia has taken the wraps off its stylish new Carens compact MPV ahead of its Paris world premiere and the biggest news for families is that the company will offer both five and seven-seat versions of the model.

Teen Driving: Gen Y delays earning licenses

From the environmentalists to the socially connected, trends indicate teens aren't in as much of a rush to earn a driver's license. In fact, almost half of 18- to 24-year-olds surveyed said they would pick Web access over their own car if they had to choose. Experts say social media sites in particular play a role by connecting teens without requiring them to leave their house.