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Citroen to revive iconic DS badge

Citroen will revive its legendary DS badge for a new range of near-premium models, industry sources said. The French brand will unveil plans for the new DS range on Wednesday, when the carmaker launches a global rebranding campaign. A concept previewing the first DS-badged model, a DS3 small car, will debut at the Geneva motor show in March.

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.

Wayne Cherry to receive EyesOn Design Lifetime Design Achievement Award

Wayne Cherry has been chosen by a panel of his fellow designers as the winner of the EyesOn Design 2013 Lifetime Design Achievement Award. Cherry, who spent his entire design career at GM, joined the company in 1962 after graduating from Art Center and was part of the team that designed the 1966 Oldsmobile Toronado and the 1967 Chevrolet Camaro. In 1965 He was transferred to GM's British operations, Vauxhall, and led the design work on the XVR Concept and designed the SRV and the 1978 Equus.