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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.

Volvo V60 Plug-in Hybrid (2012): first details

Volvo will unveil its new V60 Plug-in Hybrid at the 2011 Geneva motor show in March. The new Volvo V60 Plug-in Hybrid is described as 'virtually production-ready' and will be built and sold by the Swedish car company from 2012. Driving the front wheels through a six-speed automatic is an upgraded version of Volvo's 2.4-litre five-cylinder D5 engine: power and torque goes up from 202bhp and 309lb ft to 213bhp and 325lb ft.

Vauxhall Cascada Convertible: Aimed at hairdressers?

Vauxhall are teasing a new convertible – the Vauxhall Cascada – that appears to be Astra based but stretched and pushed upmarket. We knew Vauxhall (and Opel, for that matter), were planning a replacement for the Astra Twin Top which we guessed would be the new Astrra Cabrio. But it’s not, it’s the Vauxhall Cascada.