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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.

Suzuki A-Star concept (2007): first official pictures

By First Official Pictures 14 December 2007 10:00 Suzuki will use New Delhi’s Auto Expo next January to unveil its latest concept, the A-Star. Aimed at key evolving world markets like India, as well as Europe, the five-door A-Star hatchback will major on minimal environmental impact and real-world affordability, wrapped in what we think is some pretty striking sheetmetal. Details of the A-Star are limited, but we know it will be powered by an all-new Euro 5-compliant 1.0-litre aluminium petrol engine, hooked up to a five-speed manual transmission, that’s said to post an ultra-low CO2 rating of less than 107g/km, combined with exceptional fuel economy.

GM recalls 2011 Cadillac SRXs for airbag fix

General Motors is recalling 50,500 copies of the 2011 Cadillac SRX crossover because the front-passenger airbag does not work as outlined in the owner's manual. The recall affects 47,401 vehicles in the United States, with the remainder in Canada and Mexico. GM said there are no reports of crashes or injuries related to the issue.