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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.

Autoweek archives: A fast week in the Bahamas

From the archives of Competition Press comes a page from the December 1963 issue, which covered multiple events hosted during the Nassau Speed Week in the Bahamas. For 13 years in the 1950s and ‘60s, the Bahamas were the place where professional drivers from around the world came to relax, race and party together. Originally intended to draw tourism to the island of New Providence, the Nassau Speed Week became a highly enjoyed week for all those in attendance.

London 'black' cabs exported to Australia

THE LONDON cab is to make an appearance Down Under - but coloured white rather than the traditional black. The London Taxi Company has exported a test sample of 98 second-hand TX4 taxis to the Western Australian city of Perth where they will under go trials over the next few weeks. It has been thought fit to paint the cabs white to take account of the perpetual Perth sunshine.