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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.

Toyota Etios concept

Toyota Kirloskar Motor Pvt. Ltd. (TKM) unveiled the Etios concept at Auto Expo 2010 in New Delhi, India, yesterday.

Tony Williams-Kenny announced as Design Director, SAIC Motor

Tony Williams-Kenny has been announced as the new global Design Director of Chinese automaker, SAIC Motor.  During his previous role as Design Director for SAIC Motor, UK, Williams-Kenny worked on various Roewe products, as well as being responsible for designing a new generation of MG models including the MG3, MG6 and MG Zero – the first concept car from the brand since 1985. When interviewed by CDN last year, we asked him how important design is in the company: "For me it's obvious SAIC gets the need for design and the need for a strong brand design relationship," he answered. "We have a really good review group at senior management level too, who actually want to be involved in design reviews and the decision making process." After gaining an MA in Automotive Design and a BA (Hons) in Transport Design from Coventry University in the UK in 1998, Kenny joined Mitsubishi Europe Design in Trebur, Germany as a designer.