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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.

Dodge Caliber SRT4 dies quick and painless

Dodge is dropping its fastest, most powerful small car for the 2010 model year. The Dodge Caliber SRT4--a turbocharged, muscle-bound version of the Caliber--is being discontinued. "The Dodge Caliber SRT4 was planned for a limited production run in the highly competitive sport compact market segment," Dodge said in a statement.

Jaguar heading for the Goodwood Revival with more than 30 Classic Jags

Classic Jaguars in action at the Goodwood Revival The Goodwood Revival may not have quite the same appeal for some as the Goodwood Festival of Speed, but if you love classic cars it’s a must go. This year Jaguar are again out in force (last year Jaguar took their Heritage Collection to Goodwood) with more than thirty Jaguar and Jaguar-powered racers heading for Goodwood. There will be racing C-Typoes, D-Types, E-Types and Mk II saloons in action,.