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Jeep future products: Fiat platforms to underpin 3 vehicles

In the next three years, Jeep will extend its lineup with a new subcompact and a revived Grand Wagoneer. It will also build three vehicles on Fiat platforms. Despite the significant model changes, Jeep will strive to remain true to its off-road heritage.

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.

Monthly sales projected to rise 15 percent, J.D. Power says

December is shaping up to show the U.S. industry's strongest year-over-year sales increase of what's been a dismal 2009. Expect a 15 percent spike in new vehicle sales in December, powered by a retail surge, according to projections released today by industry forecaster J.D.