Oldsmobile Rocket 350 Air Cleaner Decal on 2040-parts.com

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.

The Ford Mustang of the future could have been a Mazda

It seems like enthusiasts are always trying to figure out what Mazda's cooking up. Today, we're curious about how the Japanese automaker will bring its sport-roadster experience to a partnership with Alfa Romeo. In the June 30, 1986 edition of Autoweek, it was whether Mazda and Ford were going to create some sort of pony car love child.

Porsche Cayenne Diesel TECHART launched

The TECHART Porsche Cayenne Diesel offers some useful power upgrades But some modifiers do get it right – particularly in the performance stakes. Some of Gemballas’s Porsche Cayenne Tornado cars offer spectacular performance, if not always the most tasteful of body mods. But time are a changing, and modifiers are starting to look at the Porsche Cayenne Diesel as a good way forward.