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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.

McLaren 12C Spider UK debut this weekend

The McLaren 12C Spider – the roadster version of the MP4-12C – gets its UK debut this weekend at the Octane Jubilee Tour of Elegance at Windsor Castle. McLaren’s thoughts may be focused on the debut of the new F1 (P12) at Paris in a few week’s time, but that doesn’t mean the more mainstream MP4-12C and its convertible sibling, the 12C Spider, are pushed aside. After revealing the 12C Spider in July – and taking it off to Pebble Beach in August – it’s now time for the UK to get its first public view of the new convertible McLaren.

Ford-designed Santa’s sleigh

By Tim Pollard First Official Pictures 17 December 2008 14:30 Blue Oval designers at Dunton in Essex, UK, penned this trio of Ford-inspired sleighs to help fashion Santa’s just-in-time delivery system. It’s a job they’re familiar with, working on successive series of Transit vans in the past – and they’ve put their practical skills to good use on their Ford sleighs. These sledges are seen through the prism of Ford’s latest ‘kinetic design’ mantra.