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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.

Lexus CT200h F Sport (2010), faster hybrids planned

Lexus is desperate to portray its new CT200h as the sporty hybrid. Hence the new Lexus CT200h F Sport unveiled at the Australian motor show. There's a new styling pack, including an IS-F-alike snout, alloys and F Sport trims outside and a sportier interior.

Some hybrids are not a green as they seem, interest group says

Car buyers who think they are helping the planet by choosing a hybrid vehicle to aid in cutting emissions don't always get the biggest bang for their buck, according to an environmental interest group. A report from the Union of Concerned Scientists shows that some hybrids come at a much higher price tag than their similarly equipped, conventional-powertrain counterparts, yet offer little in the way of environmental gain. These not-so-green hybrids compromise their value or eco-friendliness in a variety of ways.