Ford Ranchero Grille Ornament Assembly on 2040-parts.com

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.

Koenigsegg Agera & Agera R 2012 updates

The Agera & Agera R get a raft of tweaks for 2012 Koenigsegg has revealed improvements to the Agera and Agera R for 2012, which will debut at Geneva next week. We’re not sure just how many Koenigsegg Agera R models have actually been built and delivered (or the standard Agera R, for that matter), but however many it is it’s not more than a handful. Still, standing still means going backwards – whether you’ve built a single car or a million – so Christian von Koenigsegg and his men in the snow in a shed in Sweden have been busy putting the Agera and Agera R at the cutting edge for 2012 models.

2011 Saturn Vue: GM confirms plug-in crossover is on track

A plug-in electric powertrain once destined for a Saturn crossover will live on at General Motors and will arrive in 2011 in another vehicle. GM vice chairman and product chief Tom Stephens confirmed to wire service Reuters that the project remains on track. The automaker was scheduled to bring a plug-in version of the Saturn Vue to market in 2011.