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Porsche Macan caught on video

The Porsche Macan – a Porsche Cayenne on a boil wash – has been spied out testing and caught on video. We’ve seen spy photos of the Porsche Macan before – Porsche’s take on the Audi Q5 – and they look more like a cut down Cayenne being used as a mule for the Macan’s underpinnings than an actual Macan. But it seems that the shots so far are actually the Macan as it’s heading for production, which means Porsche has, perhaps unsurprisingly, chosen the 911 school of car design as its inspiration for the Macan and just stuck a Cayenne on a boil wash.

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.

2012 BMW M5 Touring? No, it’s the Alpina B5 BiTurbo Touring

The Alpina B5 BiTurbo Touring We haven’t even had the 2012 BMW M5 launch yet, never mind thinking about the Touring. Although it would seem that BMW has no intention of making a touring version of the 2012 M5. Not that BMW are exactly reliable when it comes to M-Car denials.