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Infiniti planning new global flagship model

Infiniti is planning a flagship, sporty four-door coupe in the mold of the Porsche Panamera as the joint flagship of its expanding range. The sweeping-looking four-door will take its styling inspiration from the Infiniti Essence concept penned by design chief Shiro Nakamura and first shown at the Geneva motor show in 2009. The new car is part of Infiniti's ambitious plan to become a serious global luxury brand by carving out 10 percent of that market, equivalent to about 500K sales by 2020 and backed up by a significantly expanded model range and huge investment from parent Nissan.

Mugen Honda CR-Z Hybrid – but don’t get too excited

The Honda CR-Z Hybrid gets the Mugen treatment Honda are trying to tell anyone who will listen that the Hybrid Honda CR-Z is a modern version of the Honda CRX. You know, all fun and sporty and nimble and on the right side of warm, but with all the green goodness people think they have to want. We haven’t actually come across anyone who buys in to the idea, but Honda aren’t giving up on the marketing pitch of the Honda CR-Z as the first ‘Sporty’ hybrid with the production version of the CR-Z debuting at Geneva next week.

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.