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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.

Concept Car of the Week: Mazda RX500 (1970)

Developed by the Toyo Kogyo Company's advanced design and engineering team, the Mazda RX-500 was described as a ‘mobile test bed for high-speed safety'. Looking at its design, the team's childlike enthusiasm has shone through, resulting in a very cool concept.  From the rakish front to the wraparound windscreen and on to the bread van rear, everything communicates high-tech and ‘70's futurism while also channeling a little of the Star Wars X-Wing. Thanks to plastic body panels, the concept weighs only 850kg and is powered by a 491cc rotary engine delivering 247bhp fitted behind the cabin, in front of the rear axle.

Nissan Juke gets revised 1.5 dCi diesel engine

The best selling Nissan Juke n-tec gets a revised 1.5 diesel engine. The Nissan Juke – the funky little urban SUV – has been around for three years, and its combination of rugged looks that make it look like an armoured insect, high riding stance and decent economy have made it a popular buy as a compact urban warrior. More than 19,000 Jukes have been sold in the UK since it launched in 2010, and around a third of those have been powered by Nissan’s 1.5 litre diesel engine.