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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.

2011 Chevrolet Caprice returns to police beat

The Chevrolet Caprice is back on the police beat. General Motors unveiled plans on Monday for a new patrol car that will hit the streets in early 2011. It's called the Chevy Caprice Police Patrol Vehicle, and it will come with V8 and V6 engines, as well as a slew of specialized equipment.

Aston Martin V12 Zagato (2011) unveiled at Villa d'Este

Aston Martin today unveiled the new 2011 V12 Zagato, a V12 Vantage supercar rebodied by Italian coachbuilder Zagato. We saw the first design sketch a few weeks ago, designed to mark the 50th anniversary of the gorgeous DB4 GT Zagato of 1961. Now Aston Martin and Zagato are unveiling the new V12 at this weekend's Villa D'Este concours in Italy.