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News watch October 2012: today's 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-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.

BMW ActiveHybrid X6 introduced

BMW has released details and images of the BMW ActiveHybrid X6 BMW claim the X6 ActiveHybrid as the most powerful Hybrid car in production, with its total power output of 480 horses and 575lb/ft of torque. That’s a bit better than a Prius! All this power comes from the BMW 4.4 litre twin-turbo lump, coupled to a pair of electric motors that deliver 91bhp and 86bhp respectively.

VW Polo GTI (2010) Revealed

The Volkswagen Polo GTI will debut at Geneva The latest version of the Volkswagen Polo is a very good car. But fans of VW have been looking forward to the hot version of the latest Polo – the VW Polo GTI. Well, wait no longer.