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GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

New Mustang Finally Comes To UK

FORD has unveiled its latest generation Mustang muscle car, which for the first time will come to the UK in right-hand drive form. The car, which will go on sale towards the end of 2014, claims to be lighter and more advanced than its predecessor. Also new is a 2.3-litre, 305 horsepower engine, which Ford hopes will boost the Mustang’s eco credentials in Europe without detracting from the car’s performance.

Hot laps: BMW 435i vs M3 winter tyre test 3

By Ben Barry First Official Pictures 31 January 2014 08:50 How much difference can winter tyres make to your car’s performance and safety? In snowy conditions, choosing between winter and summer tyres is like choosing between crampons and slippers, but plenty of British winters pass with barely a flake touching the ground. So it’s understandable that most of us are reluctant to fork out for winter tyres.