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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.

Ferrari LaFerrari vs McLaren P1: the stats and specs battle

Arch rivals Ferrari and McLaren have both revealed their new hypercars at the 2013 Geneva motor show today. Both produce over 900bhp and 650lb ft, hit 62mph in under three seconds, top 217mph, and cost nearly £1m. When we drive both cars in the coming months their different characters will no doubt be revealed, but for now here's how the pair match up head-to-head...

Infiniti FX30d: They DO exist.

Infiniti FX30d S - actually spied in the wild. The Sunday morning ritual (and the Saturday morning one, for that matter) is an hour with the dogs round the local meadow and woods. A ritual I have to confess is actually done every day, but it’s only at the weekends my excuses about being too busy to go fail to save me.