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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.

Nissan Esflow concept - first photos

These are the first photos of Nissan's all-new Esflow concept, snapped in Germany weeks before the car takes the stage at the Geneva motor show.  Billed as a fun electric car, the Esflow surprises by also being a delectable design with sports car cues that would appeal to even the hardened enthusiast. Check out the gallery below for a these exclusive photos. We'll bring you a full spread of high resolution images live from the Esflow's debut on March 1.

Electric Lightning GT

By Dimitri Pesin Motor Industry 10 June 2008 10:30 Specialist manufacturer Lightning Car Company is set to build a 700bhp electric sports car. The Lightning GT will be powered by batteries and capable of delivering a range of 250 miles on a single charge by distributing power through electric wheel motors. All of the power will be available from zero rpm and a 0-60 time of under four seconds is predicted.