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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.

Geneva Motor Show (2010) Preview

All the new car releases we expect to see at the 2010 Geneva Motor Show. We’re now getting close to the first major European Motor Show of the year – some would say the most important motor show of the lot – the Geneva Motor Show which kicks off for the press on 2nd March and runs until 14th March. So we thought we ought to do a quick preview of what we already know is going to make an appearence at Geneva so you can know what to look out for as we get more detail, and provide an easy starting point to catch all the car news from the Geneva Show.

BMW 1 Series M Coupé revealed

The BMW 1 Series M Coupe revealed The whole argument about whether BMW would use the iconic ‘M1′ moniker on a lowly 1-Series car was finally settled (not that we ever had any doubts) back in July when BMW officially confirmed that the 1-Series M car would be known as the BMW 1 Series M Coupe. And it was happening. The official announcement saw BMW reveal an official video of the 1 Series M Coupe out on the track sporting the ubiquitous black and white swirls of camouflage so beloved of car makers with a new model to tease.