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Design Contest: Renault Design competition 'Imagine Espace in 2024'

The competition to 'Imagine Espace in 2024' has been won by Romain Gauvin, a fifth-year student at Strate Coll?ge in Paris. Renault Design organized the competition to coincide with the 20th anniversary of the Espace, inviting entries from students at its partner design schools in France (Strate Coll?ge) and Germany (Pforzheim University). "My intention was to design a car that travels on the ground yet feels like it is soaring through the sky, like flying a hang-glider", explains Romain Gauvin.

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.

Mercury gets a small car in 2011

Ford Motor Co. executives confirmed that Mercury will get a new car on the same platform as the Ford Focus. Ford executives told dealers Sunday at the National Automobile Dealers Association convention in Orlando, Fla., that the small Mercury is coming in 2011, the same year the Focus arrives.