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Kia Ray Concept at Chicago Motor Show

Kia wil preview the Kia Ray Concept plug-in hybrid at the Chicago Motor Show next month Yes, the Detroit Motor Show is only just about done, but waiting in the wings is the rather less fancy Chicago Motor Show (although they probably won’t thank us for describing it as such). But despite Chicago being a lower key affair than Detroit they will still get their share of new stuff. Well, not necessarily new (we reported that North America gets the BMW Alpina B7 which will debut at Chicago) but certainly new to the US.

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.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.