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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.

Skoda Vision C Concept is a stylish 5-door coupe

The Skoda Vision C Concept could be heading for production as an Octavia Coupe The rise and rise of Skoda since it was a Soviet skip maker has been dramatic under the banner of the VW Group, and many of its cars are the pick of the VW Group offerings. But now Skoda look to be heading in a new design direction which looks set to produce far more stylish and dramatic cars than they have to date – just like this Skoda Vision C Concept. The VisionC – seen in the design sketch from Skoda above – is a swoopy five-door coupe with a low roofline, shallow glass area and a steeply-raked windscreen; it looks like a Skoda take on the VW CC or Mercedes CLA.

Koenigsegg to push Saab Upmarket

The Saab Aero -X. Would work well with Saab's upmarket future We’ve covered Christian von Koenigsegg’s quest to take over Saab a fair bit this year. All that seems to be firmly on track with the finance sorted and partners – including China’s BAIC – on board.