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GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

GT Academy winner to race at Monza

It's been a year since Jann Mardenborough entered the PlayStation GT Academy. On Saturday, he'll be on the track at Monza, going wheel to wheel with Valentino Rossi in the opening round of the Blancpain Endurance Series. Mardenborough won the GT Academy and drove in the 24 Hours of Dubai with fellow Academy winner Bryan Heitkotter in a race-prepped Nissan GT-R.

Cameras to catch illegal parking on the school run

Schools and councils across the country are turning to CCTV to enforce parking restrictions during the school run – and a new low-cost camera system is set to make this even easier in the coming months. According to reports in the Sunday Times and the Daily Mail, the new surveillance system costs as little as £16,000, and is able to record and recognise the number plates of illegally parked cars outside schools. On Bing: see pictures of parking enforcement cameras How to appeal a parking ticket The recorded footage is then sent to the local council, including evidence of the parking restriction.