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GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

First details on 2008 Goodwood Revival

The Goodwood Revival will host the Freddie March Memorial Trophy for only the second time. It's a 90-minute endurance chase that will run into dusk on Saturday 20 September By Tom Richards Motor Shows 07 August 2008 09:16 The 2008 Goodwood Revival this autumn will be even more of a throwback to the ‘good old days’ of motor racing, the organisers promise. The Revival celebrates two milestones this year – the 60th anniversary of motor racing at the Goodwood circuit and the tenth anniversary of the Revival itself.

Saab secures investment from China et al

China's Hawtai Automotive invest €150 million in Saab As you can’t have failed to notice, Saab has stopped production because it’s run out of money. And despite the best efforts of Vladimir Antonov to throw money at Saab, the EIB and the Swedish Debt Office seemed unwilling to move quickly to allow Saab to get back in to production. But things they are a-changing.