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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.

Alfa Romeo Gloria Concept looks like a proper Alfa

A new Alfa concept – the Alfa Romeo Gloria Concept – is heading for the 2013 Geneva Motor Show. But it’s not previewing a new Alfa. They’re wrong, of course, but the logic that if you buy a car for how it looks and how it makes you feel, rather than its reliability or cost, marks you out as someone with high octane fuel instead of blood running through your veins, is sound.

Volkswagen GTI Roadster Vision Gran Turismo brought to life and heading for Worthersee

Volkswagen GTI Roadster Vision Gran Turismo brought to life We’ve already had Worthersee Concepts from Skoda, Audi and SEAT, but now we get the Worthersee Concept from the Mother Ship – the Volkswagen GTI Roadster Vision Gran Turismo Concept. VW has brought to life a car created for the virtual world of Gran Turismo gaming and has revealed a series ofd design sketches (above) before the real car makes its appearance at Worthersee. VW are calling the GTI Roadster a supercar with aggressive styling, and the GTI Roadster certainly looks dramatic (although that drama may well be a little less extreme when it arrives in the metal) and, just like the Skoda CitiJet and SEAT Ibiza Cupster Concepts, manages without a roof.