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Ford and Toyota gain, Hyundai soars as industry sees strength

Ford Motor Co. and Toyota Motor Corp. posted slight U.S.

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.

New 2015 Skoda Fabia PROPERLY revealed – debuts at 2014 Paris Motor Show

The new Skoda Fabia (pictured) has been revealed The new Skoda Fabia tease started in July and now, ahead of a reveal at the Paris Motor Show in October, Skoda has taken the wraps off the new Fabia. The new Fabia is based on the new VW Polo and grows by a substantial 90mm in width – with all the additional interior elbow room that offers – and drops by 30mm in height, both of which conspire to make the new Fabia look wider, lower and more purposeful. With influences from the Vision C Concept, the new Fabia gets a contoured bonnet and a grill edged in chrome, wide-set fogs, a heightened waistline for added length and a set of angular headlights.