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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.

Fiat 500 gets 3-star safety rating from NHTSA

The slow-selling 2012 Fiat 500 now has another obstacle in its sales path: It has been tagged by the National Highway Traffic Safety Administration with a three-star safety rating, the lowest of any new model tested so far. The two-door subcompact received four stars from NHTSA for frontal crash and rollover accidents but received just two stars for side-impact crash safety, the agency announced on its Web site, safercar.gov. The tests gave the car a combined overall safety rating of three stars, NHTSA reported.

Italdesign Giugiaro debuts electric Clipper MPV

The Volkswagen T-ROC wasn't the only Geneva Motor Show concept unveiled this week that uses the Golf platform, Italdesign Giugiaro unveiled an MPV concept that managed to turn quite a few heads. Italdesign is owned by Volkswagen, so this design and engineering exercise seemed like a no-brainer, allowing the company to show off an extra concept car in an entirely different wrapper. The Clipper an all-wheel drive six-seat MPV sitting on the MQB platform, which Volkswagen is keen to expand beyond the Golf and the next-generation Scirocco, and it features two electric motors producing 149-hp each, one for each axle.