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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.

CCS - AISI project 2007

The college for Creative Studies (CCS) has been teaming up with the American Iron and Steel Institute (AISI) since 1989, bringing together imaginative automotive design and steel, the material of choice in the industry. As did last year's program, this summer also saw three engineering students from the University of Michigan (UM) join three CCS transportation design students to develop a concept car. Revolving around an 'Inside Out' theme, students conceptualized, rendered and created a concept vehicle based on a steel exoskeleton design.

Fisker Surf

Fisker has unveiled its new eco-friendly plug-in hybrid Surf vehicle at the 2011 Frankfurt motor show. The Surf, which the company claims is the world's first electric luxury/sports automobile, follows up the Fisker Karma's electric vehicle with extended range, but has additional cargo capacity and load carrying capabilities. The Surf weighs in at only 66 pounds more than the Karma sedan, despite increased glass and bodywork.