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Ford recalls Fusion and Milan sedans for wheel-stud problems

Ford is recalling 128,616 Ford Fusion and Mercury Milan sedans for faulty wheel lugs. The recall affects cars from the 2010 and 2011 model years that have steel wheels. The National Highway Traffic Safety Administration says vibration in the studs can cause them to crack or break, possibly resulting in the wheel falling off.

Renault Mégane Coupé-Cabriolet (2010) first pictures

Renault has whisked the covers off the new 2010 Mégane Coupé-Cabriolet, the sixth bodystyle of the latest Mégane family. There are few surprises: it's a two-door with a foldling hard top, like its predecessor. The roof is mainly smoked glass and there's a new fixed glass wind deflector positioned behind the rear seats to minimise buffeting up to 50mph.

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.