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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.

Drivers 'don't care' about engine oil

JUST 4% of drivers choose which engine oil goes into their car during a service, according to new research. The remaining 96% either don’t care or simply go with whatever a mechanic recommends, leading to calls from a leading engine oil manufacturer and the Institute of Advanced Motorists (IAM) for raised awareness of the benefits of high-grade engine lubricants. In a study of 1,000 drivers, conducted on behalf of Mobil 1, 65% said they wouldn’t know what oil viscosity their car would need to take, while 69% added they had no idea which brand of oil their car manufacturer recommends.

Proton Satria Neo (2007) - the supermini that Lotus built

By Jack Carfrae First Official Pictures 19 March 2007 12:53 Proton Satria Neo: the lowdown The new incarnation of Proton’s Satria has made its way into British showrooms. Still keen (and rightly so) to boost its street cred, Proton is making a song and dance about its ownership of Lotus by claiming that the Satria Neo is layered with Hethel know-how, design and inspiration. Those expecting Elise-style handling and Esprit-like power might be touch on the disappointed side, though… There’s no doubt that the Satria Neo is a sharper-looking car than its predecessor.