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GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

Wraps come off revised Touareg

VOLKSWAGEN has announced prices and specifications for its revised Touareg, ahead of the SUV hitting the showrooms in November. Priced from £43,000, two versions of VW’s 3.0-litre V6 diesel engine will be offered, while the inclusion of an eight-speed auto gearbox has resulted in the entry level 204 horsepower variant emitting just 173g/km CO2 – 11g/km less than before. On the outside, the new Touareg features revised bumpers and grilles, new alloy wheel designs, new colours and bi-xenon headlights as standard.

Dodge Viper operations draw limited interest

Chrysler LLC's Viper sports car business has drawn only limited interest from buyers, according to court statements filed in connection with the automaker's bankruptcy hearing. Chrysler recently offered to sell the entire Conner Avenue plant in Detroit, which builds the Dodge Viper sports car, for $10 million, Chrysler Chairman Bob Nardelli said in a statement. "We received no purchaser interest," he said.