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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.
Honda shows off Concept C and Concept S at Beijing motor show
Mon, 23 Apr 2012Alongside the Chinese introduction of its new ILX and RDX, Honda rolled out two concept vehicles that the company says presage new models to hit the Chinese market. The “C” in “Concept C” apparently stands for “cool,” “challenge” and “China,” which is er, um, iffy, but at least it's a departure from Honda's as-of-late anodyne exterior design. Though it rather closely resembles a late-model Hyundai dressed up in Super Sentai garb, Honda claims that the C's design was inspired by a dragon.
Koenigsegg at Geneva Motor Show: Koenigsegg Agera +video
Tue, 02 Mar 2010The Koenigsegg Agera hits the floor at Geneva We managed to uncover information on the Koenigsegg Agera early on, following on from the chat we had with Koenigsegg when they told us they would be bringing ‘Something New’ to the Geneva Motor Show. And I think we were a bit ungracious. Maybe it was disappointment that theAgera wasn’t perhaps as radical as we hoped from a new Koenigsegg, or it could just have been a long day.