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Pininfarina to close manufacturing operations

Italian design and manufacturing house Pininfarina S.p.A announced it will be cutting back its operations, with the closure of its manufacturing facilities. The decision will see the brand now focusing solely on design and engineering aspects for the automotive industry. The move follows the recent completion of a partnership with Volvo, which saw the production of the C70 convertible at Pininfarina's Sverige AB plant in Uddevalla.

Chevrolet updates Impala logo

Chevrolet has announced that its 2014 Impala will feature a redesigned emblem as the latest evolvement of the range's African antelope logo. The Impala model is one of only two vehicles – the other being the Corvette and its crossed-flags – in Chevrolet's range to have its own exclusive symbol, and thus it has been upgraded to complement the design of the latest model. Joann Kallio, lead creative designer for Chevrolet global badging, says, "We kept the stylized interpretation of the animal, and made the impala more muscular.

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.