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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.

General Motors and Ford load up on small cars for bigger profits

Ford has no qualms about charging nearly $23,000 for a fully loaded 2011 Fiesta, which is smaller than the Focus. The Fiesta sedan, which goes on sale this summer, starts at $13,995, including shipping. The Fiesta, with a 1.6-liter four-cylinder engine and a six-speed transmission, gets 40 mpg on the highway.

The anti-drink-drive car

By Tim Pollard Motor Industry 03 August 2007 02:25 Nissan today unveiled its answer to drink-driving: the car that monitors the driver's alcohol level before every journey and stops you if you're about to break the law. Boffins at the Japanese firm have equipped a domestic market Fuga with monitoring equipment that can spot if a driver has been boozing. It's so sophisticated, engineers claim it can differentiate between perfume (which often contains alcohol) and tell if it's the driver or the passengers that have been drinking.