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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.

Porsche 918 Spyder to get 4.6 litre V8

Porsche 918 Spyder to get 4.6 litre V8 The Porsche 918 Spyder is to get a 4.6 litre V8 and lose one of its electric motors when it launches after a Frankfurt 2013 debut. It’s almost two years since the Porsche 918 Spyder debuted at the Geneva Motor show as a potential 21st century eco-replacement for the Carrera GT. The amount of interest shown – and offers of deposits – persuaded Porsche to confirm the 918 Spyder for production last March, but it’s still more than eighteen months away from arriving on the road.

DYPDC Center for Automotive Research & Studies

Last year the doors opened to DYPDC Center for Automotive Research and Studies, a new automotive design school. The institution has grown from strength to strength and has achieved considerable success in this short time. The school is located in the young and thriving cosmopolitan city of Pune, which is already an established educational center having the largest number of resident foreign students in the country.