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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.

Eagle E-Type Lightweight Speedster to debut at this year’s Salon Prive

The glorious Eagle E-Type Lightweight Speedster Two years ago Eagle, makers of the sort of E-Type Jaguar engineers would have given up at least a limb each to be able to build, took to Salon Prive the Eagle E-Type Speedster. For many – me included – it was at the very top of the heap most desirable cars at Salon Prive. And praise comes no higher.

Aston Martin reveals the 2012 V12 Vantage GT3 race car

Aston Martin V12 Vantage GT3 It’s been mooted for quite a while, but now it’s confirmed – AM are to replace the DBR9S race car with the Aston Martin V12 Vantage GT3. Built on Aston Martin’s now rather ancient V/H architecture modular chassis, the Vantage GT3 also features Aston Martin’s one and only engine – the V12 originally built from a pair of Ford Mondeo engines – which in the GT3 version will produce something in the region of 600bhp and 516lb/ft of torque. What the GT3 also gets – as the photo above clearly demonstrates - are new aerodynamics, which makes the GT3 seem much more aggressive than the V12 Vantage on which it’s based.