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GM posts quarterly net income of $1.96 billion
Wed, 10 Nov 2010General 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.
Who's Where: Peter Arcadipane appointed BAIC's design director
Fri, 14 Jun 2013Peter Arcadipane has joined BAIC as its new design director. Based at its new hi-tech design facility in Beijing, China, he oversees a team of around 130 designers. The Australian designer, formerly of Mercedes-Benz, has been challenged to steer state-owned BAIC towards a more coherent and strategic position within China, with its chairman wanting to take the carmaker more upmarket.
2013 Honda Crosstour gets styling, interior changes
Thu, 15 Nov 2012The 2013 Honda Crosstour gets a base price of $27,230, which is $525 lower than 2012 model. The sheetmetal is reworked for the new year, and some equipment has changed. The engine lineup is still four-cylinder and V6 units.