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Honda CR-Z – production ready at Detroit

Honda has revealed the production-ready CR-Z at the Detroit Motor Show Honda are very keen to catch up with Toyota in the hybrid car wars. The Honda Insight was their answer to the Prius (although better looking it was even more woeful to drive than the Prius) and Honda are now looking to move in to the ‘Sporty’ Hybrid market with the Honda CR-Z. Honda revealed the CR-Z back in October at the Tokyo Motor Show, and did the usual new model think of labeling it as a concept.

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.

Nissan boosts electric charging network

NISSAN is accelerating plans for a European-wide Quick Charge (QC) network for electric vehicles by giving away 400 new quick charging stations free of charge. These new points will boost existing networks and give EV customers greater freedom and flexibility by effectively extending the range of their car. Countries across Europe have been asked to pitch for a charging network and the best ‘bids’ will win an allocation of chargers.