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Indianapolis 500: HPD wins Louis Schwitzer Award for refueling system

Honda Performance Development on May 21 won the 45th-annual Louis Schwitzer Award for motorsports engineering innovation and excellence in recognition of the Honda Refueling Safety Interlock System. The system, which reduces the potential for fires in pit lane when refueling, was created by a team at HPD led by Roger Griffiths, Jim Goodloe, Marco Martinelli and Robert Bell. The key part of the system is an electronic fuel-probe sensor installed on an Indy-car's inlet valve into which ethanol fuel flows.

Fiat plans 500 and 500c Gucci editions

Gucci editions of the 2012 Fiat 500 and 500 convertible will go on sale in December, Fiat said Tuesday. The cars will feature glossy pearl paint, green and red stripes on the body or roof, and satin-chrome mirrors and door handles. The interior will have special embroidery, two-tone seats, leather accents along with other design touches.

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.