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Big-ticket Tesla has eye on mainstream with 2016 electrics

It's a small-volume producer of $100,000 electric sports cars today. But Tesla Motors Inc. plans to move into mainstream U.S.

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.

30% of drivers would do a runner after a parking scrape

Almost a third of drivers would consider leaving the scene of an accident if only minor damage was caused – while another 4% said they’d do a runner even after a more serious collision. The shocking stats come from a survey of over 2,000 people commissioned by ContractHireAndLeasing.com. The world’s weirdest car crashes revealed Cheapest cars to insure for 17-18 year olds The results show that honesty amongst drivers varies depending on their age and location.