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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.

Subaru Legacy concept (2013) first official pictures

By Ollie Kew First Official Pictures 15 November 2013 16:45 This is the new Subaru Legacy concept car, which will be displayed at the Los Angeles motor show later in November 2013. Usually, we’re pretty wary of styling concepts, given how much poetic license they allow designers, before their sexy, swooping designs are diluted to meet crash and aerodynamic benchmarks. This Legacy’s design theme is its trademark ‘Symmetrical All-wheel drive’ system.

Buy a real Mario Kart and throw bananas at your kids

Real-life Mario Kart is either really weird or very French. This toddler-special Mario Kart Ride On is neither. The Kart, shown above, is based on the vehicles from "Mario Kart 7," released just in time for the eighth installment to hit Nintendo's Wii U.