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Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.

Honda unveils 'near-production' CR-Z concept

By Ben Pulman First Official Pictures 30 September 2009 09:15 Honda has unveiled three concept cars that it will show at this month’s 2009 Tokyo motor show, and one of them is a thinly-veiled show car that previews the new hybrid CR-Z that will go into production in 2010. It has. In 2007 Honda revealed a CR-Z concept at the Tokyo motor show.

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.