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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.

2014 Jaguar XK Signature and Dynamic R specification revealed

The 2014 Jaguar XK Dynamic R (left) and XK Signature The Jaguar XK – in naturally aspirated guise or as an XKR – is getting a bit long in the tooth, so Jaguar have launched two special editions – the XK Signature and Dynamic  R specification – to try and put a bit of fizz in to sales. Jaguar are proclaiming the XK Signature and Dynamic  R specification as special editions, but at substantial discounts to the current models – and with increased specification – it looks like these two new models are going to be the Jaguar XK range for 2014 (plus the Jaguar XKR-S). The Jaguar XK Dynamic R gets the same 503bhp 5.0 litre supercharged engine as the XKR but gets both the Black Dynamic Pack and Speed Pack as standard as well as a sports exhaust, Performance Seats with diamond stitching and 20” Vortex diamond turned wheels.

Fewer people commuting but distances on the up

The average commute has increased in distance, but more people working from home means there are actually fewer cars on the road at rush hour today compared to 10 years ago, according to statistics from the most recent Census conducted in 2011. Figures show the average commute has increased from 8.3 miles in 2001 to 9.32 miles in 2011. People living in the east of England travelled the furthest to work at an average distance of 10.34 miles – while those in London had the shortest commutes averaging 6.83 miles.