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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.

Crazy self-driving Rinspeed XchangE concept for Geneva 2014 debut

You can rely upon Swiss concept specialists Rinspeed to release something suitably crazy on the run up to their home Geneva Motor Show – and 2014 is no different, it appears. This is the Rinspeed XchangE, a self-driving autonomous car that shows "what will move us tomorrow," according to the firm; it’s "the office and living room on wheels." Natch. Please click on the image above to read more about the 2014 Rinspeed XchangE concept

Audi TT Coupe and Roadster facelift (2010) first pictures

This is Audi's facelifted TT Coupé and Roadster, though rather than referring to the tweaks as full-blown changes (which they're not), Ingolstadt is taking a more subtle approach and merely calling the revisions '2011 Model Year' tweaks.   Well it’s an Audi, so all TTs now come with a set of LED daytime running lights. As for the rest of the car, come on, can’t you see the changes? Oh, well Audi says the interior and exterior have been 'revised with great attention to detail'.