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GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

SRT introduces Anodized Carbon Viper GTS

SRT introduced a limited run of Anodized Carbon Special Edition packages for the 640-hp Viper GTS at the Los Angeles Auto Show on Wednesday. The metallic, matte-gray exterior is being used by Chrysler for the first time on this car. “We’ve been waiting for the right time to use this new color at the Chrysler Group, and, as the flagship for the SRT brand, the Viper is the perfect vehicle to showcase this combination of finishes and details to create such a unique look,” said Ralph Gilles, president and CEO of SRT.

Lotus Evora – first customer car delivered

The keys are handed over for the first Lotus Evora customer car But it would appear that Lotus have little to worry about. Evoras are now running down the production line and will be up to full production levels by November. Lotus has an order book that fills the next five months already, and they’ve taken on 150 extra workers to cope with demand.