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News watch Sept 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 Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.

Infiniti confirms Q30 concept unveil in Frankfurt

Infiniti is to unveil the Q30 concept C-segment hatchback at next month's Frankfurt motor show. The Q30 concept, which has been previewed in a sketch, could be a pre-production version of the Etherea – first seen at the 2011 Geneva motor show –based on the same platform as the Mercedes-Benz A-Class. It's the carmaker's latest exploration into new premium segments and signifies an expansion of its product range as it moves to strengthen its global position.

Caterham – including Caterham F1 – up for sale for £350 million

Will the Caterham AeroSeven Concept (pictured) be a casualty of Caterham’s impending sale? Caterham’s foray in to F1 hasn’t been much of a success, with not a single point on the F1 board since they arrived in 2010 as Lotus Racing (although Marcus Ericsson was just one place off a point at Monaco yesterday). Now, after warning back in January that he would walk away from F1 if the Caterham team’s performance on track didn’t improve, it looks like Fernandes is ready to walk away from Caterham altogether.