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Saleen Performance to end S302 Ford Mustang production, prepares to expand

If ordering a Saleen S302 Ford Mustang is on your wish list, the time to do it is now. Revstone Industries, owner of Saleen Performance Vehicles, said on Wednesday that it will stop taking orders for the car in May and will finish building Saleen Mustangs in suburban Detroit by the fall. But the Lexington, Ky.-based company is not getting out of the performance parts and merchandise businesses and isn't abandoning the vehicle-upfitting field, spokesman Pete Borum said.

Singapore Grand Prix (2012): Hamilton on pole for McLaren

Lewis Hamilton posted a stunning lap time to take pole position in tomorrow’s Singapore Grand Prix ahead of the Williams of Pastor Maldonado. All the talk about Lewis Hamilton may have been about a move to Mercedes this week, but under the lights at Singapore today it was all about his stunning lap that captured pole position for tomorrow’s race. Hamilton posted a time of 46:362 to take pole – his third pole in four races – almost half a second in front of second place man Pastor Maldonado in the Williams.

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.