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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.

Lexus IS Coupe arriving in 2014 & IS F V8 on the way

Now it looks like Lexus is going to bring the LF-CC to production life in 2014 as the Lexus IS Coupe (although there are rumours it could be the RC, but that may be for a production version of the even more appealing LF-LC as a range-topping Lexus Coupe) and equip it with the same petrol engine and hybrid options as the IS saloon. What is also in prospect is a return of the IS F – complete with sizeable V8 power – which, if it does arrive, will see the IS Coupe coming with the F engine option and making a very promising foray in to the powerful V8 Coupe market. What doesn’t seem likely is that Lexus are going to bother with a diesel option for the IS or Coupe, despite conventional wisdom saying they need a diesel option to compete in Europe because - as they’ve already demonstrated with the IS 300h – they can deliver an appealing and competitive hybrid with decent performance and price, and bring it in with under 100g/km emissions – perfect for the business market.

Lexus at Geneva: Lexus CT 200h – U.S. bound

The Lexus CT 200h at Geneva - Lexus tell us it will be sold in the USA Despite moaning about the less than drop-dead-gorgeous looks when Lexus first showed us the CT 200h as the LF-Ch Concept – with a pretty awful gold paint job – the production ready CT 200h does look a bit more appealing. Still definitely not drop-dead-gorgeous - far from it – but credible enough, in a Lexus sort of way. There’s really nothing new to report on the CT 200h itself from Geneva, except that Lexus has announced that the CT200h will be sold in the US.