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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.

Coda to price electric compact sedan at $44,900

Coda Automotive Inc. will begin delivering the first of its electric compact sedans in December priced at $44,900 before federal and state incentives. With federal incentives, the starting price will be $37,400, and with California state incentives, the price could be as low as $32,400.

Toyota Fuel Cell Sedan (2015) revealed: the £40k hydrogen car is here

By Tim Pollard First Official Pictures 25 June 2014 13:14 Toyota has revealed the final design for its new Fuel Cell Sedan. It's a 'Ronseal', does-what-it-says-on-the-tin choice of name for the car: it is, indeed, Toyota's hydrogen fuel-cell-powered saloon - and this one is coming to a showroom near you sooner than you think. The H2 car may blend concept car cues with Japanese global design blandness, but the Fuel Cell Sedan is significant as much for the numbers involved as the futuristic look.