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In pictures: live at the Goodwood Festival of Speed 2014

  CAR magazine is reporting live from the Goodwood Festival of Speed 2014 - and we'll be updating this page with photos, news and snippets from Goodwood House and the famous hillclimb. Come back for updates from 26-29 June 2014, as we cover some of the flavour of the greatest British motor show. Mercedes-Benz is the title sponsor at the Festival of Speed in 2014 - and so gets bragging rights to design the sculpture outside Goodwood House.

Toyota to close Australian design studio

Toyota designers at its Technical Center Asia Pacific Australia (TTCAP-AU) are to lose their jobs as part of Toyota's decision to scale back the facility's activities as well as halting all manufacturing within the country by 2017. The TTCAP-AU, which carries out all its Australian design and evaluation operations, employs 150 designers and modelers and it's possible that its activities with the Camry, Camry Hybrid and Aurion models could be scrapped, raising doubts over its future. Around 2,500 employees at Toyota's Altona manufacturing plant are expected to lose their jobs, although the effects are likely to be wider ranging.

New Porsche Cayenne drives Porsche profits – up 25 per cent

Porsche Profits up 25 per cent - driven by Porsche Cayenne sales Building the Cayenne will be the end of Porsche, cried the Porsche anoraks when Stuttgart entered the SUV fray with the Cayenne back in 2003. But nothing could be further from the truth. As we’ve pointed out endlessly, the lure of a capable and sporty SUV with an iconic badge is a license for Porsche to print money.