New Front Radiator Grille Mitsubishi Raider 06 07 08 09 Bright White on 2040-parts.com

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.

Rare foreign cars head to Carlisle this weekend

Every spring, Carlisle, Pa., (otherwise known as the Woodstock of the classic-car hobby, a title it now fully shares with Hershey) hosts a weekend event just for foreign cars. Last year, over 1,000 cars gathered in central Pennsylvania, with rare foreign machinery making its way from all over the lower 50 and parts of Canada. The longest-traveled cars we spotted last year wore British Columbia plates, which should give you a clue as to the event's following, though we're still unsure which cars we spent the longest time gawking at.

Hyundai PassoCorto coming to Geneva

Hot on the tailpipes of the Kia GT4 Stinger's debut in Detroit comes word of an even racier-looking two-seater from parent company Hyundai – the PassoCorto. Built by and for Gen Y car enthusiasts, the PassoCorto was styled by 16 students in the Master's program of transportation design at the Istituto Europeo Design (IED) in Turin. The students were tasked by Hyundai Design Center Europe with making “…the car that would be on top of their list for buying and driving.” We don't know any Gen Ys who could fork over close to $60,000 for a car, the cost of the similarly-sized Alfa 4C, but we know plenty who would like to have one.