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GM posts quarterly net income of $1.96 billion
Wed, 10 Nov 2010General 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.
News watch May 2011: today's auto industry news
Tue, 31 May 2011Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first. (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.
BMW i Store in London previews new BMW i3 Concept
Wed, 13 Jun 2012The first BMW i Store has opened in London’s Park Lane and previews a new version of the BMW i3 Concept fitted with BMW i Pedelec Concept bicycles. Despite BMW appearing to go cool on their Project i, the first BMW i Store has opened in Park Lane, London. Positioned alongside the BMW Park Lane and MINI Park Lane Showrooms, the BMW i Park Lane Showroom has been opened to help car buyers get a better idea of what BMW i cars are all about ahead of the launch of the i3.