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BMW rolls out 2014 2-series, 2015 M3 sedan and 2015 M4 coupe at the Detroit auto show

BMW had a number of debuts at the Detroit auto show this year -- we got our first (official) looks at the 2014 2 Series coupe, 2015 M3 sedan and the 2014 M4 coupe on the show floor. The electric i3 city car and its plug-in hybrid i8 supercar cousin were there as well, along with a massaged 2014 BMW Z4 convertible. But let's take a closer look at the new stuff: 2014 BMW 2-series BMW We should be seeing the 2014 BMW 2-series on dealer lots soon.

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.

Ford offers $1 million in automotive design scholarships

After the passing of William Clay Ford Sr., Ford has announced that they will honor his memory and his contribution to the automobile with the creation of scholarships for automotive design students. William Clay Ford Sr., the last grandson of Henry Ford, died last week at the age of 88. Ford worked at the company that bears his name for 57 years, serving as chairman of the design committee for 32 of those years.