Walker 45341 Resonator And Pipe Assembly on 2040-parts.com

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.

Autoweek in review: What you might have missed

Word broke this week that the next generation of the Ford Mustang, due in 2014, will have a design similar to the Evos concept shown at the 2011 Frankfurt motor show. It's a move away from the retro styling that the pony car has had since 2005. Dodge revealed prices for the Dart, which is expected to go on sale in June.

The future is cloudy

Last night before CES opened here in Las Vegas we met the principals of a start-up company called Driver Cloud. They said they had an idea about using the cloud to operate a package delivery service the same way other sites do ride sharing – you'd send out a notice on their network that you needed a package delivered and a bonded, licensed Driver Cloud truck owner would deliver it for you for a fee. The service, called Gofr, would work in conjunction with Driver Cloud's ride sharing component, called Chofr.