Mastercraft Prostar 205 Boat Decal (pair) on 2040-parts.com

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.

Ford Focus RS rolls off the production line

Ford has announced this afternoon that the much awaited Ford Focus RS has now started to roll off the production line at its plant in Saarlouis, Germany. Long awaited, and much anticipated, the Focus RS is going to be available in 20 countries throughout Europe, with its biggest markets being Germany and the UK. Ford Focus RS rolls off the production line The Focus RS has a number of unique features – apart from its performance – including a wider track and wheel arches, new front and rear bumpers and a choice of three colours – Ultimate Green, Performance Blue and Frozen White.

Swedish court rejects Saab creditor-protection plea; Saab will appeal

A Swedish court on Thursday rejected an application by ailing carmaker Saab for protection from creditors to give it breathing space to solve a cash crisis and get funds from Chinese investors. The Vanersborg district court in western Sweden said in a statement on its Web site that there was no reason to believe a new creditor protection process, known as a reconstruction, would work. Saab said in a statement that it is disappointed with the ruling and will appeal the decision.