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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.

Rain, wind and snow to batter UK

FLOOD VICTIMS are bracing themselves for yet more misery as heavy rain, wind and snow is set to batter Britain. Forecasters warn that the appalling conditions which have ravaged communities show no signs of abating, with heavy rain expected today and Saturday. A "multi-pronged attack" of wind, rain and snow is expected to strike tomorrow, with heavy rain leading to more potential flooding as downpours of up to 40mm (1.6 inches) could fall in just six hours, with gusts of up to 70mph, a Met Office spokesman said.

Black Widow's Corvette Stingray debuts at Captain America premiere

“Captain America: The Winter Soldier” comes out in U.S. theaters on April 4. It's the ninth movie in the modern “Avengers” series, and the second for hero Captain America.