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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.
Mercedes-Benz Launches 'Style' Division
Fri, 14 May 2010Mercedes-Benz has launched Style, the Stuttgart-based automaker's answer to BMW's DesignworksUSA design consultancy. Mercedes-Benz's Style sub-brand will be charged with designing bespoke luxury goods from aircrafts, to yachts, furniture and more. Its aim is to place the company in the avant-garde of the luxury market.
The Viper Lives!
Sat, 11 Jul 2009The Dodge Viper has been saved by Fiat and will continue in production. The real problems for GM and Chrysler were their appalling high-volume cars, stuck at least a decade behind Europe in both styling and efficiency, they were an accident waiting to happen. And the meltdown in car sales worldwide, coupled with the jump in gas prices in the US (which has now gone), signalled the end of the old ways.