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Hyundai Veloster Turbo for UK & Europe gets 186 horses UPDATED

Hyundai Veloster Turbo for the UK gets 186hp The Hyundai Veloster Turbo – due to be revealed at Geneva next week – will get 186hp and 270NM of torque for the UK & Europe. When the Hyundai Veloster was confirmed for the UK and Europe back in November, we did say that it was likely to come with fewer horses but more torque to make it more fun to drive on European roads than the bigger horses and lower torque figures the American version gets. Now we learn that the UK and European Veloster Turbo will come packing 186hp (183bhp) – down from over 200hp in the US version – but with 270NM (199lb/ft) of torque.

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.

McLaren 12C Spider sells out in 2 hours at Neiman Marcus

The Christmas car for 2012 from US retailer Neimann Marcus – the new McLaren 12C Spider – sold out in just two hours. And it didn’t take long for the 12C Spider to sell out when it went on sale this week, with all 12 cars snapped up in just two hours – all $4.25 million dollars worth. Neiman Marcus were offering their 12C Spiders at a premium of $85k over McLaren’s US list price for the 12C Spider of $269k, but they were throwing in flights to the UK to have dinner with McLaren’s Ron Dennis and a set of custom luggage.