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News watch October 2010: today's auto 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-hour Friday 29 October 2010• Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks.

Honda Civic Type-R (2006): first official pictures

By Dimitri Pesin First Official Pictures 14 September 2006 07:12 The lowdown Honda's ultimate Civic – the Type-R – is unveiled today (Thursday 14). Set to go on UK sale in March 2007 for around £18,000, this Type-R attempts to mate the outgoing hot hatch's high-revving, wild child drivetrain with a more mellow driving experience – when the mood takes you. Indeed, Honda is billing the new car as a 'refined superhatch', a concept Ford and VW have nailed successfully with the Focus ST and Golf GTi.

Volkswagen's de'Silva aims for positive influence on Porsche styling

Volkswagen Group design director Walter de'Silva hopes to add "something positive" to the design of Porsche's new models, beginning with the Cajun SUV. Porsche AG is set to become Volkswagen AG's 10th brand and Porsche design director Michael Mauer now reports to de'Silva, along with the heads of the styling centers of the other VW group brands such as Skoda, Seat, Bentley and Lamborghini. De'Silva said he has just started working with Mauer and their relationship is off to a good start.