General Motors has released its earnings for the fourth quarter, and the news is mostly good. Net income was $913 million, up two percent from $892 million recorded during the same period in 2012. Earnings for the entire year ended up still positive at $3.77 billion, but that figure is down 22.4 percent from the $4.9 billion earned in 2012 and the earnings ended up being lower than Wall Street expectations, the AP reports. Nevertheless, the positive cash flow marks the fourth consecutive year an
Audi has unveiled Black Edition versions of the A6 and A7 in the UK. Each model will roll from the factory with a set of rotor-design wheels and feature a lower sports suspension borrowed from the company's S Line kit. Designers swapped out the standard grille, license plate surrounds and window trim for blacked-out pieces, and the cabins wear piano black accents. Black Edition models also offer up sport seats swaddled in Valcona leather. The packages will be available on A6 sedan and Avant mode
Aston Martin gave the 2013 Vanquish its North American debut yesterday evening at the McCall Motorworks Revival ahead of this year's Pebble Beach Concours d'Elegance. With blue paintwork that looks good enough to eat and plenty of carbon fiber trim work inspired by the similarly delicious One-77, the newest version of the Vanquish looks like it will fit comfortably into the company's stable.
Jaguar has announced a few updates for the 2013 XJ, the most significant of which is the availability of an all-new supercharged 3.0-liter V6 engine. The six-cylinder is good for 335 horsepower and 331 pound-feet of torque and is bolted to a new eight-speed automatic gearbox with a start-stop function. All told, the changes should help the big four-door yield a 14 percent improvement in fuel economy over the old naturally aspirated 5.0-liter V8 and its six-speed transmission.
General Motors has officially released pricing for the 2013 Chevrolet Malibu. The base LS model starts at $23,150 including a $760 destination fee. The entry-level Malibu bows with a 2.5-liter four-cylinder engine with 197 horsepower that's also found in LT and LTZ models. While the Environmental Protection Agency hasn't released official figures as of yet, GM expects the sedan to yield fuel economy in the mid 30s thanks in part to the standard six-speed automatic transmission.
Nissan has plenty to be proud of with its all-new 2013 Altima. The sedan promises to average 38 miles per gallon on the highway, which is best-in-class for a non-hybrid. The new Altima also boasts a lighter and stronger frame, increased power and quicker acceleration among its many improvements.