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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.

Ferrari F450 prototype spied as F430 successor heads for Frankfurt debut

Spy photographer Brenda Priddy serves up a fresh look at the Ferrari F450, the car set to replace the F430 in Ferrari's lineup later this year. From this prototype, spotted being loaded into a hauler, we see that the styling is updated but not a radical departure from the F430. The new model designation comes from an increase in displacement for the V8 to 4.5 liters.

Mini Works unveiled

By Ben Barry Motor Shows 08 March 2007 01:29 Three new Minis shown at Geneva BMW unveiled several world-firsts at Geneva 2007: a Works kit for the new Mini, the entry-level One, and the new Mini Cooper D. The new Works option is an aftermarket job for the new Mini; it increases power of the Cooper S to 192bhp and adds numerous styling tweaks. A more powerful Works version, which will be built on the production line and boast more than 210bhp, will be added later, officials promised.