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News watch Sept 2010: 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 Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.

Exclusive: Pierre Castinel resigns from Head of Design role at Tata

Tata's Head of Design, Pierre Castinel, has resigned from his post to accept a position at PSA, Car Design News has learned. Castinel was originally hired to develop the design direction and form a brand identity for Tata's full line of vehicles, including cars, pickups, SUVs, MPVs, trucks and buses, but things haven't been going well at the Indian automaker. According to insiders, Tata closed Castinel's design studio in the British midlands last year, forcing the UK-based team to move into the automaker's engineering center in Warwickshire.

Cadillac ATS

The Cadillac ATS is an all-new, lightweight, rear-wheel drive sedan that aims to take the fight to the dominant BMW 3-Series in the compact premium segment. The ATS gains the latest interpretation of Cadillac's ‘Art & Science' design language, building on the recent, bigger XTS' aesthetics. Fortunately, the ATS' proportions are far more appealing than its awkward bigger brother, with short overhangs, a long wheelbase and wide tracks giving it a good stance.