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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.

VW Golf Bluemotion concept (2008): first pictures

By Ben Pulman First Official Pictures 08 September 2008 13:22 This is Volkswagen’s cleanest Mk6 Golf, a Bluemotion concept car that is claimed to achieve 74mpg while puffing out a paltry 99g/km. Those are figures on a par with today’s Polo Bluemotion, but this concept will become production reality in mid-2009.  A 1.6-litre common-rail diesel engine powers the new Golf Bluemotion, producing 104bhp and 184lb ft, but those remarkable figures are helped by revised ratios on the five-speed ‘box, optimised aerodynamics and low rolling resistance tyres. There’s also a particulate filter to keep the exhaust gases clean.

Renault working on 141mpg plug-in hybrid concept

Renault is working on a 141mpg plug-in hybrid concept car, according to Renault head of research, advanced studies and materials, Remi Bastien. Speaking to MSN Cars at Renault’s recent ‘Innovations’ event – showcasing the French manufacturer’s new technology that will underpin its next-generation models – Bastien revealed the new car will make its debut in 2014. On Bing: see pictures of Renaults Find out how much a used Renault costs on Auto Trader This means the ‘2l/100km’ concept car will likely make its first public appearance at the 2014 Geneva Motor Show, alongside the firm’s new rear-engined Twingo city car.