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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.

Nissan ‘Think Outside the Parking Box’ competition

Nissan, in collaboration with designboom, has launched an international graphic design competition with a theme to design the future of urban parking. Entitled 'Think Outside the Parking Box', registration to the competition is open to professionals, students, and design enthusiasts until September 27th, 2009. Based around Nissan's Qashqai urban crossover - currently marketed as being 'urbanproof' - the brief calls for entries that challenge any element of urban parking, be it underground, exterior, interior, multi-layer or ground level.

Bentley Celebrates Strong Finish At Mille Miglia

YOU can be forgiven for thinking Jaguar stole the Mille Miglia spotlight this year, what with its roster of celebrities driving a brace of desirable racers, but Bentley was the other British brand tearing across the Italian countryside. The Crewe-based luxury car maker fielded a handful of iconic pre-war models and, after the four-day, 1,700km marathon, the firm secured its best position to date with one of its iconic 4 ½ Litre supercharged Bentley Blowers. Rolf Frech, Bentley’s Member of the Board for Engineering and Jerome D’Ambrosio, finished in 73rd position out of the 438 cars that took part.