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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.
Ford EcoSport for Europe heading for Geneva 2013
Fri, 22 Feb 2013The Ford EcoSport – a butch little SUV based on the Ford Fiesta – is heading for a European reveal at the 2013 Geneva Motor Show. The new EcoSport arrived in Delhi last year as Ford’s take on the funky little urban warrior market – think Nissan Juke – and it looks a properly purposeful little urban runaround, with its butch stance and statement grill. We thought when the EcoSport launched in India that it seemed more than likely that Ford would start to market the EcoSport in Europe, and last September – at Ford’s ‘Go Further’ event in Amsterdam Ford confirmed the EcoSport would arrive in the UK and Europe, and now it’s heading for a European debut at next month’s Geneva Motor Show.
LyonHeart K Jaguar E-Type production increased
Wed, 03 Oct 2012Classic Factory is building the Lyonheart K – an E-Type Jaguar for the 21st century – and is increasing production numbers and adding a convertible. It started out as the E-Type Growler and then became the Lyonheart K. And whatever its name it’s still a recreation of the iconic Jaguar E-Type in the mould of the Eagle E-Type Speedster.