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Goodwood Moving Motor Show: (almost) an unqualified success

The Goodwood Moving Motor Show Yesterday we toddled along to Goodwood to see the set up for this year’s Festival of Speed and to have a look at the Moving Motor Show in action for the first time. We also – courtesy of Jaguar, who had invited us for the day – got an early drive up the hillclimb-based circuit that forms part of the Moving Motor Show’s appeal for the lucky ones who got the opportunity to take the wheel of one of the impressive bunch of cars on display. And it was an impressive bunch, with everything from the Toyota Auris Hybrid to the Rolls Royce Phantom DHC via the Audi R8 and the new Jaguar XJ on offer to drive.

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.

Spyker signs deal with China's Hawtai Motor to raise funds for Saab

Saab owner Spyker Cars on Tuesday said it has signed an agreement with China's Hawtai Motor Group to form joint ventures for manufacturing, technology and distribution. The agreement will also provide $222 million (150 million euros) funding for Saab, which has been forced to halt production because it cannot pay suppliers' bills. Victor Muller, Spyker CEO and Saab chairman, said the partnership will allow Saab to enter the Chinese car market with a strong Chinese manufacturer.