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.

Consumer Electronics Show: Rockin' the Electron in Las Vegas

The average passenger car sold in the United States has about 100 cubic feet of interior volume. That's a lot of room for electrons. At this week's Consumer Electronics Show in Las Vegas, there will be almost no end of new things to do with those electrons, from entertaining occupants to informing them, and many of those new things will be aimed at the automotive market.

Mini Superleggera Vision Concept – a very different MINi Concept – at Villa D’Este

The Mini Superleggera Vision Concept (pictured) is a Villa D’Este special We’ve had our fill of VW Group concepts for Worthersee – like the Skoda CitiJet, Yeti XTreme and Audi A3 Clubsport - this last week, but now we’ve got a concept from MINI that isn’t just the usual slightly left-field take on a regular MINI, but a real original to grab our interest – the Mini Superleggera Vision Concept – and it’s heading to Villa D’Este. Built in collaboration with Touring Superleggera – which has built stunning concepts like the Alfa Romeo Disco Volante - the new MINI is a retro-looking small roadster with lots of historic design cues but with an EV powertrain under its clothes. There’s a fin on the back that looks like a Jaguar D Type, a pair of swage lines down the side, a long bonnet, a back end that has a hint of Aston Martin and even Union Jacks in the tail lights.