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News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome 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.
2012 Honda Civic UK prices and specs – starts at £16,495
Fri, 30 Sep 20112012 Honda Civic UK Prices & Specs revealed The 2012 Honda Civic may be more of an evolution of the old Civic than a radical departure, but it does seem to offer a decent package, and one designed to cope with UK roads too. We already know plenty about the 2012 Civic, from its new suspension and dynamics – tuned to UK roads, no less – to the improved engines with better economy and lower emissions, thanks to an endless tease from Honda, but one which was at least informative. And now we get to the meat of the new Civic, with UK prices, models and specifications revealed.
Koenigsegg supercars
Tue, 29 Jul 2008By Tim Pollard 29 July 2008 09:00 What happens when the Swedes take on the might of the supercar fraternity? Answer: the Koenigsegg. Christian von Koenigsegg's operation is way more than Ferrari meets Ikea – his products exude a devilish attention to detail and some hair-raising stats (see below).