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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.

One Lap of the Web: Lambrecht cars, drifting red Italian cars, and lost east German cars

-- The Lambrecht Chevrolet sale is this weekend, and VanDerBrink auction house has posted some more walkaround videos of the lots. Check out this video which highlights some of the trucks and sedans, most of them with delivery mileage. -- Here's an interesting car that sold on eBay last week and attracted quite a bit of attention on Bringatrailer.com: a 1975 Peugeot 604 that was brought into the U.S.

Alfa Romeo 4C hits the track (video)

The Alfa Romeo 4C (pictured) out on track – on video The Alfa Romeo 4C has been on its way for longer than it should have been. But Alfa Romeo finally got round to revealing the 4C in prodiction spec at the Geneva Motor Show in March, and visitors to this year’s Goodwood Festival of Speed later this month will get to see the 4C strutting its stuff up the hillclimb. But ahead of that dynamic debut, Alfa has released new video of the 4C out playing on the Balocco Racetrack in Italy, with a few wailing exhausts notes but far to much dramatic music as a soundtrack.