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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.

Five Minutes With Edsel Ford II

If you watched the PBS documentary American Experience: Henry Ford last Tuesday night you likely enjoyed it and learned a few things you didn't know about the American icon and Ford Motor Company founder. Alternately laudatory and critical, the documentary detailed Henry Ford's exceptional vision, drive and personal contradictions, touching on his relationship with his son Edsel and his views on labor. The prime living link to the documentary, Edsel B.

Jaguar Land Rover made £1 billion last year

The 2012 Jaguar XF & 2012 Range Rover Evoque - JLR's latest models Who’d have believed it just a year or two ago? Jaguar Land Rover has reported a turnover for the year to the end of March 2011 of £9.9 billion and has made a profit (after tax) of £1.04 billion – almost £3 million a day. From proffering the begging bowl in the direction of a short-sighted Labour government in 2009 – and getting nothing without untenable conditions attached - and making plans to close one of its three UK plants, JLR’s renaissance has been astonishing.