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Porsche 911 Carrera GTS arrives

Porsche 911 Carrera GTS The news that the Porsche 911 Carrera GTS will be making an appearance at the Paris Motor Show before arriving in showrooms by December should be followed soon by an announcement that there is to be a Limited Edition run of a 911 Speedster. But one step at a time. As we reported in June, the Porsche 911 Carrera GTS is a wide-bodied (44mm wider at the back) 911 which will be the most powerful ‘regular’ model in the 911 range.

UPDATED: Three Tesla employees are killed in California plane crash

Three employees of Tesla Motors were killed in a small airplane crash in northern California on Wednesday, the electric-car maker's chief executive said. A Cessna 310 struck an electrical tower after taking off this morning and crashed into a residential neighborhood, killing all three people on board, according to local police. Tesla confirmed all had worked at the company.

GM posts $2.5 billion profit, led by North America

General 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.