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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.

Weird record set in Colin McRae tribute

Hundreds of Colin McRae fans set a new world record at the weekend – spelling out the name of the former British rally champ at Prodrive's facility By Tim Pollard Motor Industry 01 September 2008 12:27 An extraordinary 30-mile convoy of Subarus smashed into the record books this weekend – all in honour of rally ace Colin McRae, who died in September 2007. An estimated 1100 Subarus drove from his home town of Lanark in Scotland to Prodrive's HQ in Banbury, Oxfordshire. Colin's dad, Jimmy McRae led the Scooby convoy on its nine-hour and 300-mile pilgrimage.

JE Designs turns up the power in Touareg hybrid

JE Designs unveiled its freshly tuned 440-hp Volkswagen Touareg hybrid on Friday. The German tuning company boosted the Touareg’s output from 380 hp to 440 hp by optimizing the management of the 3.0-liter engine. The hybrid’s electric motor remains untouched.