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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.

Alfa Romeo at the London motor show 2008

By Guy Bird and CAR reader reporter Jacomoseven Motor Shows 24 July 2008 09:30 Although many journalists – including CAR – have already driven the Mito, the London motor show was the official public world premiere of Alfa’s new small car sensation. Click here for CAR's first drive review of the Alfa Mito. What’s new on Alfa Romeo’s London motor show stand?Pride of place went to a red Mito and an 8C, both – Alfa promises – symbols of the sporty brand getting back to basics in terms of driver focus and quality.

Mazda MX-5 Miyako launches

The The Mazda MX-5 Miyako - soft top or folding hard top versions. The Mazda MX-5 – or Mazda Miata – has been around for 20 years and continues to demonstrate how appealing simplicity and lightness are in a Roadster. You don’t need to keep adding power and weight to have a fun car.