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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.

2013 Shelby Super Snake to debut at Barrett-Jackson Las Vegas auction

Shelby American is following up its 950- and 1,100-hp anniversary edition Super Snake models with something a little tamer for 2013. Two new versions of the Super Snake are now being offered, one with 662 hp and one with an upgraded supercharger and an output of 850 hp. And, for the first time, a wide-body kit for the pony car will be offered.

2010 Dodge Viper SRT10 ACR-X rolls into production in Detroit

One of the most sinister snakes to slither out of the Dodge Viper plant in Detroit rolled off the assembly line on Tuesday as Chrysler simultaneously marks the final year of production for the current generation of its iconic supercar and launches a new race series. The first 2010 Viper SRT10 ACR-X was completed at the Connor Avenue plant, also known as the “Snake Pit” in the Motor City. It's a track-only car designed for road-racing enthusiasts, and it melds top performance parts from the Viper ACR (street legal) and the Viper Competition Coupe (far from it).