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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 reveals Enzo replacement teaser shot

Ferrari has revealed the first teaser shot of the Enzo replacement, expected to be unveiled early next year. The Italian carmaker printed the photo in the latest edition of the official Ferrari Magazine, and just from the teaser we can tell that it continues with the brand's latest design direction. The Enzo's replacement also appears to feature the ‘double-bubble' design.

New car sales still rising – April 2014 is 26th monthly improvement

The Ford Fiesta (pictured) is still the best-selling UK car in April 2014 It’s almost become a monthly ritual to roll out yet another rise in new car sales in the UK as the Society of Motor Manufacturers and Traders (SMMT) reveals the latest figures. And April 2014 is no different. In fact, it’s no different to the last 26 months, as that’s how long monthly figures for year on year sales have continued to rise.