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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.

College Exhibition: Hongik University Degree Show 2009

This year's Hongik University Degree Show was held at the school's Modern Art Gallery, displaying the works of 16 final year transportation design students. Apart from the previous two years' annual degree shows, which focused on next generation sedan, this year's graduation works showcased a much broader spectrum of creativity. Under the team guidance of Prof.

Audi Allroad Shooting Brake Concept leaks ahead of Detroit. The Audi Q1?

Audi Allroad Shooting Brake Concept leaks Ahead of Detroit (pictured). The Audi Q1? We already know that Audi are planning a compact SUV in the guise of an Audi Q1, because they told us.