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News watch July 2012: today's auto industry news
Wed, 25 Jul 2012Welcome 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.
New SEAT Leon SC: Price from £15,370
Tue, 02 Apr 2013The new SEAT Leon SC (3-door), which debuted at the Geneva Motor Show last month, will cost from £15,370 for the S 1.2TSI. Not only is the Leon SC cheaper than the Hatch, SEAT has gone to some trouble to differentiate the two with the SC getting a lower roofline, more steeply raked windscreen and new tailgate, as well as being 35mm shorter. Despite which the Leon SC still has decent leg and head room in the back and a boot that’s as big as the Leon hatch.
Infiniti planning new global flagship model
Wed, 16 Oct 2013Infiniti is planning a flagship, sporty four-door coupe in the mold of the Porsche Panamera as the joint flagship of its expanding range. The sweeping-looking four-door will take its styling inspiration from the Infiniti Essence concept penned by design chief Shiro Nakamura and first shown at the Geneva motor show in 2009. The new car is part of Infiniti's ambitious plan to become a serious global luxury brand by carving out 10 percent of that market, equivalent to about 500K sales by 2020 and backed up by a significantly expanded model range and huge investment from parent Nissan.