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Lack of history loses 20% of a car’s value

A CAR being sold without a full service history is worth one-fifth less on average than a car with a fully stamped service book. This amounts to an average of £1464 for the typical used car sold in the UK with a price of £7706. A study by Kwik Fit found buyers expect a 19% discount for cars with incomplete or no service history, which is costing the used car industry £10 billion per year in lost revenue.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

Opel rolls out new cars at Frankfurt motor show

While some automakers had just one or two new cars to show off at the Frankfurt motor show, GM's Opel division flooded the show with seven new offerings that'll be revealed as the show progresses. While there were plenty of new production models to be seen, including the revised Opel Insignia lineup, it was perhaps the Opel Monza concept that was designed to grab the attention of showgoers. We got a sneak peek at the Opel Monza concept a couple months ago, and even though a production version is not planned, the Monza is meant to showcase Opel's recent resurgence.