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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.

De Tomaso Deauville production off to China

De Tomaso Deauville - off to China Gian Mario Rossignolo’s De Tomaso has been struggling to get up and running, and now they’ve sold De Tomaso Deauville production to China. If there’s been one constant in the history of De Tomaso, it’s been a lack of money. And despite former Fiat exec Gian Mario Rossignolo’s takeover of the De Tomaso brand from the liquidators last year, it seems nothing much has changed.

Ford Airstream concept (2007): first official pictures

By Phil McNamara First Official Pictures 07 January 2007 05:36 Ford Airstream: the lowdown Ford today unveiled the Airstream, a thoroughly American alternative to the S-Max crossover MPV sold in Europe. A collaboration with iconic trailer maker Airstream, the Airstream is a concept car that runs on hydrogen fuel cell power, cossets passengers in a flexible and luxurious cabin and looks exceptionally cool. 'Crossovers are the fastest growing segment of the market,' said Ford design supremo J Mays, unveiling the car in Detroit (above).