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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.

Hyundai Intrado concept car (2014) points to future tech and designs

Hyundai This is the first look at Hyundai's new Intrado concept car - due to bow in at the 2014 Geneva Motor Show. It's the first car to be designed under the company's latest styling rulebook, dubbed Fluidic Sculpture 2.0. Hyundai's new design chief, Peter Schreyer, told MSN Cars the Intrado defied pigeonholing.

Relatives of older drivers urged to help them ‘hang up their keys’

OLDER DRIVERS whose driving style may have changed or are less able behind the wheel should be aided by relatives in deciding when to hang up their keys, according to an industry expert. Professor Andrew Parks, a chief scientist at the Transport Research Laboratory, warns in a new video interview that older drivers can be very defensive about their driving standards and react badly to any criticism of it. "I know this from my own experience, as I was recently on a car journey driven by my father, the first for 10 years,” he explaned.