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GM posts $7.6 billion profit for 2011
Thu, 16 Feb 2012General 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.
UK Car Sales up again in October 2012
Wed, 07 Nov 2012New car registrations rose in October by 12.1 per cent in the UK, the ninth month of 2012 to see rising car sales. The European car market may be in a real mess with carnage looming for production facilities run by mainstream car makers, but the UK continues to grow its new car market with sales in October up by 12.1 per cent. Total new car registrations (which includes pre-reg) rose to 151,252 units, the ninth monthly increase of 2012, and the SMMT are now predicting total sales for 2012 of over 2 million, back to 2010 levels after a fall in 2011 to below the 2 million mark.
Lexus LFA Nurburgring (2010) first official pictures
Mon, 29 Mar 2010Lexus hasn’t even started production of the LFA supercar yet, but it’s already unveiled a limited edition version – the Lexus LFA Nurburgring. Built to celebrate the LFA’s entry into the 2010 Nurburgring 24 Hours race, just 50 versions of this track-focussed supercar will be made. The tweaks and changes aren’t radical: the front-mounted 4.8-litre V10 has 10 bhp more (up to 562bhp) and the automated manual ‘box now shifts quicker (gear changes are down from 0.2 to 0.15 seconds) though the 3.7sec 0-62mph time and 202mph top speed remain the same.