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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.

McLaren worker critical after crash

A MCLAREN WORKER was left critically injured after the supercar he was driving crashed and left him impaled on a fence post in West Sussex The man, who has not been identified, left the A285 at Duncton and rolled in a car reported to be a McLaren 650S. Sussex Police said he was airlifted from the crash site to St George's Hospital in Tooting, south-west London, with critical injuries. A spokesman for Woking-based McLaren said his family were with him in hospital, adding: "Our thoughts are with our friend and colleague, and his family." A message on McLaren's Facebook page said: "We are all thinking of our friend and colleague following a serious accident on Friday.

Government to make UK hub for driverless cars

The government has today announced plans to make the UK a world centre for the development of driverless cars – with a £10 million cash incentive to any town or city that builds a test site for autonomous vehicles. The news comes as part of chancellor George Osborne’s 2013 Autumn Statement – alongside plans to scrap the car road tax disc and freeze fuel duty. Tax disc to be scrapped after 93 years On Bing: see pictures of driverless cars Milton Keynes is already experimenting with driverless pods – with plans to introduce a trial in 2015.