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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.
Porsche Panamera Hybrid: Official +video
Wed, 16 Feb 2011The Porsche Panamera S Hybrid – Geneva Debut & on sale June After we had Porsche’s Geneva Motor Show press release last week, we were in no doubt that the elusive ‘Hybrid’ Porsche said they were taking to Geneva would be the Porsche Panamera Hybrid. And so it is. The Panamera Hybrid – officially the Porsche Panamera S Hybrid – is the next stage in Porsche’s quest to game the taxation system, and create powerful and appealing cars that don’t get clobbered by the taxman.
2011 Nissan GT-R: GT-R EGOIST & GT-R Club Track Editions added
Tue, 19 Oct 20102011 Nissan GT-R - arrives in February 2011 It may be that Nissan are following the Porsche 911 school of car updates by making endless changes to a car that ends up looking the same – the 2011 Nissan GT-R. But they also seem to be heading relentlessly down the 911 route in terms of model variations too. For 2011 there are two new models – the EGOIST and the Club Track edition, which we didn’t know when we first reported details of the 2011 GT-R in August.