Titanium Race Valves 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.

Consumer Reports: No to Chevrolet SUV, Ford crossovers, MyFord Touch

Consumer Reports said Monday it will not recommend the Chevrolet Tahoe SUV and Ford Edge and Lincoln MKX crossovers because of low scores in the magazine's tests, and panned Ford Motor Co.'s MyFord Touch and MyLincoln Touch technology. The magazine also said it will not recommend the Infiniti QX56, a V8 version of the Jeep Grand Cherokee and the Porsche Cayenne. Those SUVs performed well in testing but were too new for the magazine to have adequate reliability data to recommend, it said.

Hyundai busted over performance claims before

It was revealed Nov. 2 that Hyundai Motor and its Kia Motors affiliate had overstated mpg ratings on 900,000 vehicles. And it was not the first time Hyundai has been caught in its own false claims.