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Posh car 'pushes up house prices'

HAVING a posh car in the driveway can push up property prices, according to a survey. As many as a third of people reckon having a luxury motor outside their home can add to the value of their house, the poll by car rental company Avis found. Around a third of the 2,000 adults surveyed also thought a flash car would help sell a property.

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.

2013 Audi S3 – Paris debut

Audi has revealed the new S3 with a 296bhp 2.0 litre direct injection engine which will debut at the 2012 Paris Motor Show. The new Audi S3 – which will bow in at next week’s 2012 Paris Motor Sow – will join the new 5-door A3 Sportback on Audi’s stand at Paris and lay down a firm marker for Audi’s share of the market. The new S3 gets a new 2.0 litre direct injection engine - part of Audi’s EA888 engine range – to go with its new underpinning using the same MQB platform as the latest A3 range, making the new S3 both lighter and more powerful.