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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.

Mercedes AMG had its best ever year in 2013 – sales up 40 per cent in the UK

Record sales in 2013 for Mercedes AMG AMG is becoming more and more important to Mercedes, not just in numbers sold but in the performance glow AMG versions of Mercedes cars cast across the whole range. And those numbers of AMG Mercedes sold reached new highs in 2013 with AMG reporting sales of 32,200, the biggest ever total from Mercedes performance division. AMG’s three key markets – the UK, US and Germany – all posted record sales, but it was the UK that saw the biggest growth with sales up by 40 per cent (up 20 per cent ion the US and 10 per cent in Germany).

Alfa Romeo 4C at Frankfurt – only the colour changes

Alfa Romeo 4C in Fluid Metal at Frankfurt When Alfa Romeo teased the Alfa 4C for Frankfurt a few weeks back with a dark photo (what’s new?) we did ask what they were playing at. Don’t misunderstand; we think the Alfa Romeo 4C is exactly the sort of car Alfa should be making. No, what puzzled us was, why the tease?