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Lincoln MKX concept revealed ahead of Beijing auto show

Lincoln has pulled the covers off its new MKX crossover concept, which is set for a global debut at the upcoming Beijing auto show. Following on the heels of the MKZ sedan and the 2015 MKC crossover, the redesigned MKX will be the third of four vehicles Lincoln says it will introduce by 2016 (the restyled Navigator doesn't count, apparently). Larger than the compact MKC, the MKX concept wears many of its smaller sibling's styling cues -- from the new split Lincoln grille to the lightly sculpted beltline to the upturned full-width taillights.

Chancellor to ‘freeze fuel duty’ until 2015?

The chancellor of the exchequer, George Osborne, has announced that fuel duty will be frozen until 2015 – if the savings can be found to pay for it. The announcement came during a speech at the Conservative party conference, in which George Osborne said: “Provided we can find the savings to pay for it, I want to freeze fuel duty for the rest of this parliament.” The 2p-a-litre rise planned by the Labour government for September 2014 would be cancelled, continuing a freeze that has lasted two-and-a-half years already. But this is conditional on the treasury finding the funds to cover it.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.