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Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

Video: First glimpse of Porsche's new 911

These are the first images of the new 2012 Porsche 911, set to make its official debut at the forthcoming Frankfurt motor show. The evolutionary design, built atop a chassis that rides on a longer wheelbase, will feature a steeper rake on the windshield and stand shorter than the outgoing 997, while retaining similar overall dimensions. According to an insider, the new 2012 911 will also feature a heavily revised interior, similar to that of the recent Cayenne and Panamera models.

Subaru XV

Subaru has revealed the new XV at the 2011 Frankfurt motor show, taking the company into the compact crossover segment for the first time. Like its concept precursor, the XV features a hexagonal grille and 'hawk eye' headlamps, designed to emphasize the vehicle's brand identity. Alloy wheels and cut-away cladding also aim to give the car a distinctive feel.