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Citroen C3 Picasso (2008): first official pictures

By Phil McNamara First Official Pictures 08 July 2008 10:52 Citroen today announces the C3 Picasso, a supermini-MPV it claims has the innovative magic of the company’s DS masterpiece, the ‘useful and beautiful’ approach of Apple’s iPhone and the unblinking practicality needed to wound the market-leading Vauxhall/Opel Meriva. The spacious, eye-catching MPV goes on UK sale in summer 2009. It’s based on the next-generation C3 supermini, and runs four-cylinder engines turning the front wheels.

Nissan IDx concepts bring back budget racers

Nissan channeled its inner Datsun for the Detroit auto show on Monday. The Japanese brand showed off its IDx Freeflow and IDx Nismo concepts, which we first saw in Tokyo. The brand cited the new ways people buy and customize cars as the reason for the classic yet eye-catching style.

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.