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Vauxhall Cascada: Official

The new 2013 Vauxhall Cascada – a full size convertible and the modern version of the Astra Twin Top – has been revealed. For some reason best known to Vauxhall, they chose not to debut the Cascada at the Paris Motor Show – perhaps to give the new Adam its moment in the sun – but now we get Vauxhall’s latest model in its revised line-up. The Cascada is a proper full size, four seat convertible – it’s only a couple of inches shorter than a Mercedes E Class Cabriolet – and has its underpinnings based on elements from both the Insignia and Astra and comes with a folding fabric roof instead of the tin-top folding roof in the Twin Top which can be raised and lowered in 17 seconds at speeds of up to 30mph.

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.

Audi R8 Spyder raises £620k for Elton John AIDS Foundation

Elton, David and the man from Audi with the chromed R8 Spyder The Elton John AIDS Foundation (EJAF) needs no big introduction from us, especially to regular readers. Quite simply, it’s an astonishingly generous charitable foundation founded by, and driven ever on, by Elton John, and it’s raised getting on for £50 million since Elton founded it in 1993, thanks in no small part to Elton’s generosity with his royalties (always making sure he has enough left over for flowers, of course). And as it’s Elton who’s the heart and soul of the EJAF, fund raisers tend to be a little more interesting than a bring and buy stall on the local village green.