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New Peugeot 308 GT hot hatch due on sale in 2014

Peugeot The Peugeot 308 GT will be unveiled at the 2014 Paris Motor Show this September, according to company insiders. Speaking at the launch of the 308 SW estate, Peugeot sources told us that the 308 GT will be revealed in its home market and is likely to go on sale before the end of the year. Technical details haven't been announced, but the 308 GT is expected to use a version of the 208 GTi's turbocharged 1.6-litre engine, with a similar power output of about 200hp.

Chevrolet offers Corvette buyers the opportunity to build the engine for their cars

WITH VIDEO -- Chevrolet Corvette buyers can already take delivery of their car at the National Corvette Museum, get professional driver training and watch their cars being built. Now, General Motors will let them build the engine. GM is offering buyers of the 2011 Corvette ZR1 and Z06 models the chance to build the engines for their cars.

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.