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Cosworth Impreza STI CS400 revealed

The power and guile of Cosworth’s long history in Formula One is being infused into the Subaru Impreza. The result is a turbocharged 395-hp demonic hatch with bolstered brakes and suspension pieces for truly performance-driven enthusiasts: It’s called the Impreza STI CS400. Here’s the rub: Just 75 copies will be made--exclusively for Great Britain.

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.

Terrafugia's next flying car to be a tiltrotor?

It took Bell, Boeing and the United States military decades to get the V-22 Osprey from idea to deployable platform. But with one flying car in the final stages of development, Terrafugia's looking to the military tiltrotor for inspiration. With their Transition model slated to begin deliveries in 2015 or 2016, Terrafugia's TF-X has hit the drawing board.