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GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

Porsche considering full factory F1, Le Mans teams

New Porsche CEO and president Matthias Muller is weighing up a review of Porsche’s motorsport activities – and claimed the sports car brand could re-enter Le Mans with a full factory team, or even F1. Muller was appointed on 1 October 2010 and has lots on his plate: he’s a VW veteran and is charged with integrating Porsche smoothly into the Volkswagen business empire as Wolfsburg ratchets up its ownership of Porsche. That integration includes motorsport, he told CAR at the 2010 Paris motor show.

New Subaru WRX STI: Geneva Motor Show

The new Subaru WRX STI on the floor in Geneva We actually had the reveal of the new Subaru WRX STI at the Detroit Motor Show earlier in the year, but Subaru’s supercar-challenging saloon car has arrived in Geneva for its European debut. The new WRX STI may have lost some of its style from concept to production, but it does still offer cracking performance at an affordable price as a supercar toy for the Playstation generation. But even though the styling is rather uninspiring, the mechanicals hold more than an appealing mix of performance and dynamics.