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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.

Kia Soul Shaker returns & Kia Picanto White arrives

Kia is reintroducing the Soul Shaker to its Shaker Originals range and launching a range-topping Kia Picanto White. With metal to shift, economic gloom and snow on the ground, car makers turn to new variations on existing models to get bit more footfall – and sales – at their dealers. So Kia is reintroducing the Soul Shaker to its Originals offerings (along with the Soul Quantum and Soul Inferno) to sit at the top of the Soul range with its Vanilla Shake paint job (or, as a no cost option, Quartz Black), 18″ alloys, Houndstooth upholstery with beige trim and a rear-view mirror that comes with a built-in reversing camera.

Bentley Hybrid setup works across Bentley’s range of engines

You’ll be able to have a hybrid powertrain across Bentley’s range of engines With car makers increasingly hidebound by ever more stringent economy targets, even makers of the world’s most expensive, luxury cars are having to play ball. Which explains why Bentley has decided to go the hybrid route for their cars, with the debut of the Bentley Hybrid, a Mulsanne with the 6¾ litre V8 under the bonnet aided by an electric motor and a bank of batteries, at the Beijing Motor Show. It seems the Bentley hybrid solution – which is claimed to increase power by 25 per cent and improve emissions and economy by 70 per cent – is very similar to that used across the VW Group range, with an electric motor between the engine and transmission fed by a bank of batteries.