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November auto sales jump 17 percent as market gains strength

U.S. car and truck sales jumped 17 percent last month, raising hopes the industry will end 2010 on a high note while creating momentum for the new year. Light vehicle sales rose to 873,407 units in November, for the market's 11th advance in the past 12 months.

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.

Local Motors announces Pacific Northwest competition winners

Local Motors has announced the results of its Pacific Northwest design competition, which asked contenders to create a vehicle for the region's inhabitants. Taking into account nature's four elements - Earth, wind, fire and water - designers the world over answered a brief that called for designs that would enable drivers in the Pacific Northwest to 'thrive in the elements'. Competition entrants were encouraged to create a vehicle inspired by the elements or specifically tailored to allow the users to better experience the elements, all while causing little to no environmental impact.