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Selling Dreams on the Shores of Lake Como

Thirty-two meticulous automobiles are set to be sold in one of Europe's most exclusive resort areas on the eve of one of the most selective concours in the world. The total bounty of the auction could top $35 million. Yet one car stands alone in a field of the immaculate and the historic: a 1955 Ferrari 375 MM Berlinetta.

Dodge Charger Pursuit to pace this weekend's Phoenix NASCAR races

Dodge isn't wasting any time after seeing Monday night's wrecks at the Daytona 500. This weekend, we'll see some police cruisers on the track. The 2012 Dodge Charger Pursuit will pace the March 3-4 NASCAR races in Phoenix.

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.