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Holy Auction Prices! Batman’s Batmobile sells for $4.2 million

The Batmobile from the 1960s Batman TV series, starring Adam West and Burt Ward, has sold for $4.2 million at auction. For those of us of a certain age, the Batmobile from the original Batman TV series of the 1960s is the only Batmobile, and probably the first time we saw a car being the star of a TV show. Starring Adam West and Burt Ward, the Batman TV series was tongue in cheek and full of on-screen graphics like POW, WHAM and THWACK as Batman and Robin took on the bad guys.

Saab halts warranty coverage

Saab has suspended warranty coverage on all of its vehicles in North America. Additionally, new vehicles must be sold "as is," the bankrupt Swedish automaker told its dealers. However, General Motors, Saab's former owner, said Tuesday it would honor warranties on all models sold when it owned the Swedish automaker.

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.