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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.

Sin Cars R2 (2014): a new Anglo-German supercar

By Jonny Edge 25 June 2014 14:34 A powerful new supercar is primed to burst onto the scene, going by name of the Sin Cars R2 - and this is the first snapshot of it. Boasting over 500bhp and weighing just 1100kg, the Sin Cars R2 was born from a collaboration between British parts supplier ProFormance Metals and German-based Sin Cars GmbH. A veil of secrecy currently surrounds the R2, so what we know is limited.

Refreshed 2014 Nissan Rogue unveiled

The 2014 Nissan Rogue made its U.S debut at the Nissan Technical center in Farmington, Mich. on Tuesday, in tandem with the 2014 Nissan X-Trail. The five-year refresher brings in a more aggressive design, aerodynamic upgrades, a tweaked engine and drivetrain components.