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News watch Sept 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 Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.

Porsche 911 GT3 RS 4.0 (2011) first pictures and video

This is the new Porsche 911 GT3 RS 4.0, a 493bhp race car for the road. Think of it as the ultimate 911 – it brings together the brilliant chassis of the GT3 RS, the lightweight secrets learnt on the GT2 RS, and the stonking 4.0-litre six cylinder engine that powers the GT3 RSR racer. This Porsche 911 GT3 RS 4.0 sounds like quite a package… It is, and topping the list of impressive highlights is a new 4.0-litre flat-six engine.

Ford, GM work together on new nine-, 10-speed transmissions

Ford Motor Co. and General Motors are developing nine- and 10-speed transmissions jointly for use in cars, crossovers, pickups and SUVs. The rivals say partnering on the automatic front- and rear-wheel-drive gearboxes will get them to market faster and cheaper than each automaker could do on its own.