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News watch October 2010: 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 Friday 29 October 2010• Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks.

GM recalls Vettes to replace roof panel

Plenty of Chevrolet Corvette owners like to think they can blow the doors of most everything else on the road. But General Motors is now recalling Vettes from the 2005 through 2007 model years because the roof panel might blow off. The recall covers Corvette coupes with the removable roof panel.

Toyota, Honda, Nissan and Mazda recall 3.4 million cars over Airbag fault

As recalls go, 3.4 million cars around the globe is a big number, but it’s that big because a parts supplier - Takata Corp – supplied the same airbag part to Toyota, Honda, Nissan and Mazda, so the recall involves all four Japanese car makers. The part at fault could cause the airbag inflator to rupture and deploy the airbag abnormally, although there have been no reports of injuries due to the potentially faulty part and just five reports of the fault existing – three in the US and two in Japan. In the UK the number of cars affected – and do note the recall only affects cars sold between 2000 and 2004 – appears to be about 75,000 for Toyota, 60,000 for Nissan, 15,000 for Honda and 2.000 for Mazda, and all four car makers will be getting in touch with owners during the next month to book their cars in for free replacement of the part.