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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.

New Peugeot 108 set for 2014 Geneva Motor Show debut

Peugeot is on a bit of a roll right now. The Peugeot 208 is a consistent top ten seller in the UK, and the all-new 308 is a highly credible alternative to the Volkswagen Golf. And now - or rather, next month at the 2014 Geneva Motor Show – there’s the new Peugeot 108 city car.

Mini unveils next-generation hardtop

The wraps are off the all-new, third-generation Mini hardtop. Updates include renewed exterior styling, lots of gee-whiz electronics inside, and a new fuel-efficient, three-cylinder turbo engine under the hood as the base engine. “On the inside is where you see the revolutionary aspect,” said Jim McDowell, vice president, Mini of the Americas.