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Infiniti Etherea concept (2011) at 2011 Geneva motor show

This is the Infinit Etherea, unveiled today at the 2011 Geneva motor show, and the company is unusually candid about the purpose of this new, smaller Infiniti show car. The blurb says: 'it is a compact luxury model that previews how a future entry-level Infiniti could look.' Says it all really. The compact vehicle is aimed at the younger buyer looking for a little luxury - it's all about downsizing.

Economic downturn might hit plans for Porsche small roadster

Porsche's decision on whether to build an entry-level roadster will depend on the global economy, CEO Matthias Mueller said. Mueller said that if the automaker decides to go ahead with the car, sales would begin at the earliest in the third quarter of 2014, but probably later. A decision on production will depend on how the global economic situation pans out, particularly in relation to the auto industry, Mueller said.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.