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News watch July 2012: today's auto industry news
Wed, 25 Jul 2012Welcome 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.
Mazda Verisa
Thu, 17 Aug 2006Mazda has refreshed the Verisa, a B-segment car sold in Japan. Based on the same platform as the Ford Fiesta, the Verisa is a tall hatchback that parallels the (European) Ford Fusion in concept, if not aesthetics. The Down-Road-Graphic has a clean contemporary look, with minimal grille area and restrained use of brightwork, while surfaces are given greater volume and a more substantial feeling than the Fusion.
Forecasters see slow auto-sales recovery through 2011
Tue, 05 Oct 2010U.S. auto sales in 2010 and 2011 will continue to crawl -- not walk or run -- out of last year's recession, according to forecasters at the Auto Industry Hot Topics Conference here. “It's going to be a long crawl out of this, but we're crawling in the right direction,” said David Wyss, chief economist for Standard & Poor's, which co-sponsored the conference along with J.D.