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GM posts $2.5 billion profit, led by North America
Thu, 04 Aug 2011General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.
Report backs Scottish pay-as-you-drive
Tue, 29 Oct 2013SCRAPPING FUEL DUTY and car tax in Scotland and replacing them with a pay-as-you-drive system has been suggested by an independent think tank. The scheme would help reduce emissions, cut congestion and increase fairness, Reform Scotland said. The organisation has produced a report on the idea, calling for the Scottish Government to launch a feasibility study on a national and local scheme in which central government would "price" motorways and trunk roads and local authorities would "price" local roads.
Buick Envision SUV concept
Wed, 20 Apr 2011Another car that broke cover at Shanghai, was the Buick Envision SUV concept. The Envision is another car that slots into the coverted crossover niche, and was developed jointly by Shanghai GM and the Pan Asia Technical Automotive Center (PATAC). The Envision is said to merge Buick's global design language with Chinese aesthetics for the SUV segment.