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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.

Seat IBX concept (2011) at 2011 Geneva motor show

On the eve of the 2011 Geneva motor show, Seat has unveiled this IBX crossover concept at the Volkswagen Group’s pre-show party. Designed under the watch of ex-Lamborghini designer Luc Donckerwolke, it’s the second concept car to preview Seat’s future design language, and a strong hint that company is preparing to launch a new, small SUV. Yes, and in 2010 we saw two versions of the IBE electric sports coupe – one without an interior, and one with.

College Exhibition: IAAD - Yamaha Project

In early September, Transportation Design students from Istituto d'Arte Applicata e Design - Turin (IAAD) presented the results of 'Yamaha Next Move', a project sponsored by Yamaha, exploring a personal vision of a Yamaha scooter for the near future. Yamaha guided the students through the next generation of "two wheelers" suggesting two themes: -  Youngsters, two wheels, 50 cc: For kids that can only drive 50 cc, there are many products on the market, but sales are in decline. The project brief included evaluation of the possible causes for lack of interest and offers new solutions, including functional and aesthetic proposals.