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Toyota is adding another hybrid sedan--the Sai--for the Japanese market

The Toyota brand is getting another hybrid sedan in the Japanese market, a sister model to the Lexus HS 250h that will sport a more powerful engine than the Prius hatchback. The car, to be named the Toyota Sai, will go on sale in Japan on Oct. 20, Toyota Motor Corp.

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.

Mini celebrates 10 years in U.S. with cross-country rally

Mini will kick off its biggest road rally in America, called Mini Takes the States, on the East Coast on July 4. It will conclude at the Pacific Ocean on July 15. The biannual rally will celebrate all things Mini as the company marks its 10-year anniversary in the United States.