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Ferrari will launch first hybrid in 2013

Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo. "We are entering the market with our Formula One-derived hybrid system, which will slash fuel consumption and increase performance," Ferrari CEO Amedeo Felisa told Automotive News Europe on the sidelines of the Beijing motor show.

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.

Bugatti Jean Bugatti debuts at Frankfurt Motor Show 2013

Bugatti has revealed the second in its ultra-exclusive series of six ‘Bugatti Legend’ cars at the 2013 Frankfurt Motor Show – with Ettore Bugatti’s son Jean being the latest hero to be honoured. The Bugatti Grand Sport Vitesse Jean Bugatti will be limited to just three vehicles, guaranteeing it will become one of the most exclusive vehicles on the planet. Click on the image above to read more about the new Bugatti Jean Bugatti…