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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.

New Lexus ‘F’ teased – looks like the Lexus RC-F is on the way

Looks like the Lexus RC-F Coupe is heading for Detroit With the Detroit Auto Show arriving as soon as we have Christmas and the New Year out of the way, the teases for new cars are going to start flowing. And Lexus are in early with a tease for a new model-F performance coupe. Lexus aren’t saying what the new F-Model will be, but its seems certain to be the Lexus RC-F, a high performance version of the Lexus RC Coupe revealed in Tokyo last month.

Mazda5 (2010) revealed

The new 2010 Mazda5 will debut at the Geneva Motor Show Mazdas are really underrated in the UK. They’re almost a hidden secret. The Mazda3 in particular is an exceptionally good car and deserves to have much higher sales than it does.