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High-five for Mini's new, larger hatchback

THE LONG-RUMOURED five-door Mini hatchback has finally been unveiled, featuring an extra seat, more legroom and a larger boot than the three-door. By using a longer and wider body, the five-door is able to offer 72mm more legroom for rear passengers, who can also now access the new row of three seats via small but useful rear doors. Boot space is up to 278 litres, which although still comparatively low is 67 more than the three-door hatch can boast.

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.

Fun with fiberglass: Petersen exhibit celebrates moldable material

To be an artisan in aluminum or the Stradivarius of steel, you need about 40 years as an apprentice working metal with pinchers and pullers and to spend a lot of time rolling sheets back and forth through an English wheel. To make something out of fiberglass, all you need is resin. The Petersen Automotive Museum in Los Angeles is celebrating all things fiberglass--especially the cars--with an exhibit that runs through Oct.