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2012 Audi RS4 Avant leaks ahead of Geneva

The new Audi RS4 Avant leaks ahead of Geneva The 2012 Audi RS4 Avant has leaked on to the web ahead of its debut at the 2012 Geneva Motor Show. It seems likely that tomorrow we’ll get official images and details of the 2012 Audi RS4 Avant, with the first official photo of Audi’s new RS4 leaking out ahead of an official reveal. Audi have the new TT RS Plus debuting at Geneva – and Audi has already issued official details and photos – but so far we haven’t had anything on the new RS4 Avant, which we also know will arrive at Geneva.

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.

Porsche 918 Spyder spotted in south LA

The Porsche 918 Spyder is nearing its customer delivery date, which means we're seeing more and more of them on public roads. Observant reader Michael Fuschi spotted an example of the new car heading south from Los Angeles. If you're wondering about the yellow car that the photos are being taken from, it's a Lamborghini Gallardo.