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Pebble Beach Debut For New Range Rover Sport SVR

LAND Rover is taking the performance SUV fight to Porsche as the Brit luxury car maker has unveiled a 550 horsepower version of its popular Range Rover Sport. The car, which is being launched at the prestigious Pebble Beach concourse event, is the fastest, most powerful Land Rover ever produced and the first to wear the SVR designation being adopted by future Land Rover and Jaguar high-performance models. The Range Rover Sport SVR accelerates from 0-60mph in 4.5 seconds and boasts a top speed electronically limited to 162mph plus a Nurburgring Nordschleife lap time of 8 minutes 14 seconds – one of the fastest times ever recorded by a production SUV.

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.

Auction of Jay Leno tractor to benefit veterans

Bidders at the Barrett-Jackson auction in Scottsdale, Ariz., this week have a chance to buy a vehicle being retired from entertainer Jay Leno's garage and support a charity that serves military families. The vehicle is a New Holland Boomer tractor. For the past five years, the staff at Leno's garage has used the "Lil Tug" to move the TV host's large collection of classic and unique cars around the facility.