1963 Evinrude 40 Hp Motor on 2040-parts.com

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.

Pebble Beach Concours d'Elegance 2013: in pictures

Every year the Pebble Beach Concours d'Elegance names its Best in Show and this year a 1934 Packard 1108 Twelve Dietrich Convertible Victoria took the crown. The Packard Twelve is considered as one of the finest automobiles produced by Packard and the judges felt this example stood out, even in such illustrious company. Click through the gallery for more pics of the 2013 Pebble Beach Concours as it happened...

Mercury gets a small car in 2011

Ford Motor Co. executives confirmed that Mercury will get a new car on the same platform as the Ford Focus. Ford executives told dealers Sunday at the National Automobile Dealers Association convention in Orlando, Fla., that the small Mercury is coming in 2011, the same year the Focus arrives.