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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.

Audi Allroad Shooting Brake unveiled at 2014 Detroit Motor Show

This is Audi’s Allroad Shooting Brake show car, unveiled on the eve of the Detroit Motor Show. It's a reminder that Audi is gunning for sales from Mercedes-Benz and BMW - and a warning that there isn’t a niche it isn’t prepared to plug. The tri-motor, all-wheel drive hybrid, complete with 400hp and 480lb ft of torque, promises to be a fast, usable crossover when it appears on sale – and Audi is hinting that might not be too far away.

Fisker Atlantic prototype [w/gallery] [UPDATED]

The Fisker Atlantic prototype, developed under the codename Project Nina, has been officially unveiled at a special VIP event on the eve of the New York motor show. This luxury extended-range four-door sedan, described by Fisker as a design prototype, is aimed at young families, and uses the same hybrid plug-in as the Fisker Karma. A standout feature of the Atlantic is the rigid ‘spider' structure, which allows for a generous amount of rear headroom for a fastback car as well as maximizing the light entering the cabin while offering increased visibility to the car's surroundings.