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Citroen to revive iconic DS badge

Citroen will revive its legendary DS badge for a new range of near-premium models, industry sources said. The French brand will unveil plans for the new DS range on Wednesday, when the carmaker launches a global rebranding campaign. A concept previewing the first DS-badged model, a DS3 small car, will debut at the Geneva motor show in March.

Scrappage helps UK car sales in October

Scrappage Scheme sales accounted for 20% of sales in October Despite our reservations about the Scrappage Scheme, it does seem that it has inspired buyers in to showrooms in the last few months. And October has recorded a year on year increase of 31.6%, although total car sales are still down over 12% on 2008 figures. October saw a big rise in new cars sales to private buyers with sales rocketing by 86%, and there were rises in the fleet and business market.

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.