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Ford sales show move away from diesel

NEW CAR buyers are moving back towards petrol engines after years of diesel domination, if Ford’s latest sales figures are any guide. The company has revealed that its multi-award-winning 1.0-litre Ecoboost turbocharged petrol engine now powers one in every five cars sold in Europe, totalling 120,000 vehicles from January to the end of June. That figure is an increase from 104,000 1.0-litre Ecoboost-powered cars sold in the same period in 2013.

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.

Audi A3 Cabriolet uncovered at the 2013 Frankfurt Motor Show

The covers have been pulled off the all-new Audi A3 Cabriolet at the 2013 Frankfurt Motor Show, prior to UK deliveries beginning in March 2014. The new A3 Cabriolet becomes the fourth version of the new A3 range to go on sale – and Audi has announced a surprise here in Frankfurt, by revealing a hot 300hp S3 Cabriolet variant will be joining the range.