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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.

Hyundai Veloster Race Game in Times Square (video)

Hyundai Veloster Race Game in Times Square Hyundai has set up their LED screen in New York’s Times Square so passers-by can play a race game from an iPhone app. You’ve got to hand it to Hyundai – they certainly know how to raise awareness and hit the Zeitgeist. From the modern day equivalent of Lada and Yugo to a serious threat to car makers from Europe and Japan in less than a decade, it’s not just their cars that have come a long way – their PR has too.

Lexus LF-NX Concept Compact SUV with 2.0 litre turbo petrol at Tokyo

Lexus LF-NX Concept Compact SUV (pictured) with 2.0 litre turbo petrol at Tokyo The Lexus LF-NX Concept debuted at the Frankfurt Motor Show in September, and certainly made a statement. Lexus’ efforts to create an SUV/Crossover to sit below the RX and mop up some of the ever-growing demand for more compact SUVs tried hard to do the whole ‘Ugly but appealing’ school of design the Nissan Juke pulled off, but pretty much failed. There were some good ideas running around, but there were just too many jarring angles on the bodywork and not enough cuteness to love and the interior was very ‘concepty’ with a sea of blue and yellow everything and touchscreen surfaces abounding.