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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.
Inside MP4-12C's new McLaren Production Centre
Thu, 17 Nov 2011McLaren today opened the doors to its new McLaren Production Centre which will build the MP4-12C and all future supercars from Ron Dennis's fledgling sports car brand. British prime minister David Cameron attended the event, hailing the economic benefits of manufacturing. He said the UK car industry was helping reshape the national economy from a service-based one enriching the minority to one which actually made things again - to the benefit of a wider slice of society.
2013 Range Rover gets its first Award
Tue, 09 Oct 2012The 2013 Range Rover – which has just arrived at the 2012 Paris Motor Show – has garnered its first award as the top 4×4 by the Sunday Times. It seems that the Sunday Times felt able to judge all that mattered about the new Range Rover from a ride in the passenger seat of a new Range Rover being driven by Land Rover’s Chief Engineer, Mike Cross. Very odd.