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GM posts quarterly net income of $1.96 billion
Wed, 10 Nov 2010General 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.
Vauxhall's 2012 Astra cab to be standalone convertible
Fri, 07 Oct 2011Vauxhall's new convertible will not be the Astra cabriolet, CAR has learned. Instead the new Astra-based convertible will be positioned as a separate, standalone model like Volkswagen's Eos. The new mid-sized Vauxhall/Opel convertible will be launched in 2012.
Nissan TeRRA [w/Gallery]
Wed, 12 Sep 2012Nissan has added another entry to the list of things see at the upcoming Paris motor show in the shape of its TeRRA SUV concept. The TeRRA is a seeming oxymoron as an electric SUV, mixing two of Nissan's strongest market segments into a vehicle that resembles a cross between a Leaf and a Patrol. "You have the big tires, high belt-line, thick pillars and thin side windows of the SUV vocabulary,” explains Shiro Nakamura, Nissan senior vice president and chief creative officer.