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GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

Diesel joins Porsche Panamera lineup

Porsche has put forward some eye-catching fuel-economy figures for the Panamera diesel--although we may never see the car in the United States. Set to go on sale across Europe in August, the four-door is claimed to return a combined city/highway driving fuel economy of 36.2 mpg in standard guise under European testing procedures. When fitted with optional low-rolling-resistance tires, the fuel economy climbs to 37.3 mpg on the European test--a figure that gives the Panamera diesel a theoretical range of 800 miles on its 21-gallon fuel tank.

Nissan Qazana at Geneva

That well-known Geordie company Nissan, has announced that the concept for a new mini crossover called the Nissa Qazana will be shown at Geneva. So how does that help the workers at Sunderland? Simple – that’s where they’re going to make it.