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Detroit auto show 2012 - a video review of the NAIAS

It's CAR's traditional three wise-ish men in a car video review of the 2012 North American International Auto Show. Hear the analysis from our European editor Georg Kacher, contributing editor Ben Oliver and anchorman associate editor Tim Pollard, as they chew over the new cars, surprises, delights and disappointments from the Detroit auto show. NAIAS 2012 was a more sober affair than the previous era of showmanship; there were no herds of cattle being steered down Detroit's streets or wild parties hosted by Chrysler in the old Firehouse.

IRANIAN PRESIDENT AUCTIONS PEUGEOT

IRANIAN President Mahmoud Ahmadinajad is auctioning his 1977 Peugeot 504 to raise money for charity. The often controversial leader is inviting bids through Iran’s Central Bank, with the money raised intended to be used to build homes for the poor and disabled of Iran. Interested parties can register through a website in order to place offers.

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.