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News watch July 2012: 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 Tuesday 31 July 2012•Porsche SE recorded a first half profit of €1.15bn, in comparison with €149m for the same period in 2011. The enormous jump has come not from directly selling cars, but from the group's investments in Porsche Zwischenholding GmbH and Volkswagen AG (Porsche SE)•Reuters suggests Germany's car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.

Mercedes GLA 45 AMG on video ahead of Detroit debut

Mercedes GLA 45 AMG (pictured) on video ahead of Detroit deut What promises to be the best performing car in the compact SUV/Crossover segment – the Mercedes GLA 45 AMG – was officially revealed this week ahead of its debut at the Detroit Auto Show. With the same 355 bhp, 2.0 litre turbo engine as the A 45 and CLA 45 AMG – and with 4WD – the GLA 45 AMG offers stunning performance in a high-riding compact shape that promises to embarrass all but the most extreme performance SUVs on the market. Now, ahead of next week’s debut, Mercedes AMG has released new video of the GLA 45 AMG which does a decent job of highlighting the cosmetic tweaks and purposeful stance the GLA has.

Citroen at the London motor show 2008

A modded Citroen C-Crosser wasn't enough to keep us awake on the Citroen stand By Ben Whitworth and CAR reader reporter Carcare Motor Shows 23 July 2008 15:49 A quiet show for Citroen, to be honest... What’s new on Citroen’s London motor show stand?Not a great deal at all, sadly. There’s the UK debut of the C-Cactus concept car – which we originally saw at the 2007 Frankfurt motor show.