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News watch July 2012: today's auto industry news
Wed, 25 Jul 2012Welcome 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.
Mercedes-Benz GLK concept: first official pictures
Thu, 03 Jan 2008By Ben Pulman First Official Pictures 03 January 2008 15:03 Ladies and gentlemen, welcome to the concept that isn’t really a concept. This is the Vision GLK Freedside study, or if you change the wheels and some trim details, the new GLK. To be unveiled at the Detroit Motor Show in mid-January, the (ahem) concept previews Merc’s BMW X3 competitor.
Audi to build cars in Mexico
Wed, 18 Apr 2012Volkswagen Group has settled on Mexico as the location for a factory for Audi. The Audi supervisory board decided in favor of Mexico over a site next to VW's factory in Chattanooga, Tenn., which opened last year to build the VW Passat. The Mexico plant will provide a boost to the VW Group’s sales prospects and manufacturing operations in North America, where its light vehicle output rose 25 percent in 2011 to a record 542,363 units.