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News watch October 2012: today's industry news
Wed, 31 Oct 2012Welcome 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.
Chevrolet Camaro Convertible Concept: first official pictures
Fri, 05 Jan 2007By Tim Pollard First Official Pictures 05 January 2007 12:10 Chevrolet Camaro Convertible: the lowdown GM will slide the covers off this Chevy Camaro Convertible at the Detroit Motor Show at the weekend - and this is one concept that'll definitely go into production. Last year's Camaro coupe has already been given the nod for sales in two years' time, and this soft-top will join the stable later in 2009. The size is identical to the coupe, but the - bright chromed - windscreen mounting is slightly different to accommodate the hood.
Electric car sales DOWN 20% in 2012 – time to scrap subsidies for EVs?
Mon, 08 Oct 2012The SMMT are reporting that sales of electric cars in the UK have fallen by 20 per cent in the year to date (2012). Despite every green evangelist proclaiming that electric cars are the way to save the planet from imminent doom, UK car buyers obviously disagree. Despite a taxpayer bribe of £5000 to buy an over-priced electric car, car buyers have not exactly taken to the EV in droves.