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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.

Audi TT interior (2014) first official pictures

By Ollie Kew First Official Pictures 08 January 2014 12:00 If you’re hankering after the new Audi TT, sit tight: this is the cabin that awaits you inside Audi’s new third-gen sports coupe. Although it retains classic TT design cues like triplet central air vents, and the instrument binnacle’s rounded hood, this is a step-change for Audi interior design, nicking cues from the 2013 Sport Quattro concept and pointing to the future of all Ingolstadt’s cockpits. The slim, almost Ferrari 458-like dashboard structure has come about through Audi ditching the central MMI (MultiMedia Interface) screen altogether.

Toyota goes dynamic with ME.WE concept

Toyota revealed its funky looking ME.WE electric concept on Wednesday. The “anti-crisis” vehicle was designed in collaboration with French architect Jean-Marie Massaud. The ME.WE makes its debut at Le Rendez-vous Toyota, the company's brand-experience center in Paris.