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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.

Punchy diesel bound for Mini Cooper

By Phil McNamara Motor Industry 07 November 2006 09:00 Mini is planning the first ever diesel Cooper – and the common-rail unit will have almost 50 percent more power than the outgoing Toyota engine. The Mini Cooper diesel will run the 1.6-litre HDi four, which features in Peugeot-Citroen and Ford cars. Peak power is 110bhp, with 180lb ft of torque on tap.

Lotus Evora UK Prices revealed at Geneva

Lotus Evora 2+2 - UK Car Prices announced at Geneva '09 The first four (ish) seater Lotus in a generation, the Evora is powered by a 3.5 litre V6, which manages to produce 276bhp and 252ft/lbs of torque. The Toyota sourced engine manages a 0-60 of around 5 seconds, and on to a top speed of 160mph. And the Evora does a pretty decent job with emissions and economy, especially considering its performance.