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GM posts $7.6 billion profit for 2011
Thu, 16 Feb 2012General 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.
Executive touch for Volkswagen Passat
Thu, 02 Jan 2014THE POPULAR Volkswagen Passat has been given two new generously equipped trim levels to mark its final months of production. It is due to be replaced by an all-new model within the next year, so in an effort to sell off as many as possible before that time, Volkswagen has introduced the Executive and Executive Style trim levels in place of the previous Highline. Both the saloon and the estate body styles can be ordered with the new specification.
Monterey Motorsports Reunion to feature the Shelby Cobra
Fri, 11 May 2012The Rolex Monterey Motorsports Reunion, part of Monterey weekend heaven for car guys, will honor the 50th anniversary of the Shelby Cobra on Aug. 17-19. A variety of activities will be held at the track, but none are as fun as the dedicated Shelby Cobra race.