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As the GM world turns: Docherty, Reuss, Lutz get new assignments

Mark Reuss and Susan Docherty just got handed the keys to the General Motors kingdom. Reuss was named president of GM North America. He was vice president of engineering and before that was in charge of GM's Holden in Australia in 2008.

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.

Mercedes confirms C-class coupe to launch in 2011

Buyers seeking a blend of sportiness and luxury will get another choice in 2011: Mercedes confirmed this week it's adding a C-class coupe to its portfolio. The two-door will be built at the Mercedes plant in Bremen, Germany, where the C-class sedan, wagon and GLK are also assembled. The C-class coupe would fight the BMW 1-series, Cadillac CTS coupe and smaller Audis.