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News watch October 2010: today's auto 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-hour Friday 29 October 2010• Spyker has announced third-quarter losses have increased since its takeover of Saab. Spyker lost £35 million in 2010, compared to £3.6 million last year (BBC News)• GM will repay $2.1 billion of the Obama government's preferred stocks.

Ferrari SP Arya – a one-off Ferrari 599 GTO for Cheerag Arya

Indian-born and Dubai-based Cheerag Arya has commissioned a special one-off Ferrari 599 GTO – the Ferrari SP Arya. When your pockets are very deep and your love of all things Maranello runs in your blood, Ferrari Special Projects will bend over backwards to give you what you want. Just as they did with Eric Clapton and the  Ferrari SP12 EC Indian born businessman Cheerag Arya (know as CA), still only 32, spent many years working in the US but now lives in Dubai where he runs his family’s petrochemical business and indulges in his passion for Ferrari, particularly Ferrari’s big GT cars.

The case of the disappearing Lambos

Now this should have rung an alarm bell or two at the time, but it seems it didn’t. Back in November the world’s largest Lamborghini dealership – Lamborghini Orange County – turned up its toes and closed the doors, apparently a victim of the downturn in car sales. Not the oddest story in these times admittedly, but a bit odd when you consider that Lamborghini OC was reckoned to be responsible for 10% of Lamborghini’s sales worldwide, shifting around 240 cars a year.