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News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome 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.
Citroen DS4 Racing Concept: Official reveal and debut at Geneva
Fri, 24 Feb 2012The Citroen DS4 Racing Concept will debut at Geneva 2012 The Citroen DS4 Racing Concept has been revealed ahead of its Geneva 2012 debut. It features a 1.6 litre turbo with 256bhp. Yesterday we mused that today’s reveal from Citroen would probably be of the Citroen DS4 Racing.
McLaren tests MP4-12C GT3 race car
Fri, 11 Mar 2011We know the McLaren MP4-12C is fast. But how about the race-car version? Perhaps lost amid the fanfare of the launch of the production car, McLaren has been hard at work on a competition model, the MP4-12C GT3.