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News watch October 2012: today's industry news
Wed, 31 Oct 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-hou Wednesday 31 October 2012• It's emerged GM's European 2012 earnings are down nearly half a billion dollars in Europe, where it now expects to lose $1.5bn to $1.8bn before interest and taxes for the full year (DetNews)• Ford has posted a third-quarter net profit of $1.63bn (£101bn) - almost matching its eventual profit total for the entire year 2011. Despite painful losses in Europe (Ford expects to lose $1bn in Europe alone this year) a resurgent North American market has buoyed Fords sales even higher than previous forecasts (Automotive News Europe)• Fiat CEO Sergio Marchionne has weighed in against Republican presedential nominee Mitt Romney, who argued that a move towards Chinese production would harm American jobs.
VW Touareg R-Line arrives & Volkswagen cut price of VW CC
Thu, 24 Jan 2013Volkswagen has launched the Touareg R-Line in the UK with sporty looks and extra equipment, and cut the price of the VW CC. A lot of VW’s SUVs – big and small – do conspire to look a bit bland in standard guise, so to give sales a bit of a boost VW is busy rolling out the R-Line option to tart up their cars a bit. Latest to arrive is the VW Touareg R-Line – Volkswagen’s biggest SUV – which gets the full R-Line makeover with a sporty take on the Touareg’s look by adding new butch bumpers and side skirts, the addition of a set of 20″ Tarragona alloys, R-Line badges – inside and out – and panoramic roof.
A look at Jaguar future products
Mon, 13 Aug 2012Jaguar will launch the all-new F-Type roadster next year as a halo car for the English brand. The F-Type takes styling cues from Jaguar's iconic E-Type from the 1960s and is expected to compete with cars such as the Porsche 911, said Andy Goss, CEO of Jaguar Land Rover North America. "We have to make sure the F-Type has an emotional pull similar to the Porsche 911," Goss said.