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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.

Fiat Panda 4×4 Antarctica celebrates 30 years and 500,000 Pandas

Fiat Panda 4×4 Antarctica (pictured) celebrates 30 years and 500,000 Pandas If you’ve never driven a Fiat Panda – especially the Panda 100hp or Panda 4×4 – you’re missing out on a whole heap of fun; as an urban warrior and nippy little runaround there’s little to beat it still. So with Fiat are celebrating 30 years of the Panda – and 500,000 sales – with a new limited edition Fiat Panda 4×4 Antarctica – which comes with extra kit and a choice of engines – now could b e a good time to grab yourself a bit of budget Italian fun. With a name like Antarctica it’s no surprise the only choice of colour for this special edition Panda 4×4 is white, although you do get a black roof, orange detailing and 15″ alloys to break up the white body.

Nissan X-Trail gets a facelift for 2011

The Nissan X-Trail gets a facelift for 2011 You could be forgiven for thinking that Nissan has lost interest in it’s ‘proper’ SUV/4x4s, being interested only in its crossovers – the Nissan Qashqai and soon to be launched Nissan Juke. Nissan’s refusal to bring it’s desert-crushing Patrol to the UK would seem to reinforce the thought, but despite perceptions Nissan are about to launch the 2011 Nissan X-Trail facelift. The X-Trail is an on-road offroader in the old fashioned sense; not a crossover.