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Safety probe: BMW 7-series rolling away in 'park'

The National Highway Traffic Safety Administration is investigating a potential problem with BMW 7-series sedans of not properly shifting into park. The issue sparked NHTSA's concern when it received a complaint that a 2006-model-year 7-series rolled away after the owner parked and exited the vehicle. BMW also submitted similar incident reports in which other 7-series cars rolled away from their owners.

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.

Diesel and hybrid sales up for 2012

When gasoline prices go up, sales follow—especially sales of diesel and hybrid cars. Diesel sales have risen a whopping 35 percent in the first quarter of 2012, according to data compiled by www.hyrbidcars.com and Baum and Associates. A total of 28,260 oil burners changed hands.