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Volkswagen Space Up concept

By Ben Pulman Motor Shows 24 October 2007 10:30 Up, up, and away… Yes, the Volkswagen Up is back. The Tokyo Motor Show today saw VW unveil a second iteration of their new small family car – a third model will be shown at the LA Auto Show in November 2007. Called the Space Up!, the rear-engined car is a stretched version of the three-door we saw at the Frankfurt Motor Show earlier in the year.

Land Rover DC100 concept

Land Rover's new DC100 concept vehicle is due to make its debut at the 2011 Frankfurt motor show, with the manufacturer also confirming that a new Defender is anticipated for 2015. The DC100 concept will be building upon the existing characteristics of the car and it is hoped that the concept will act as a catalyst for debate concerning the future of Defender models. The design team is headed by Gerry McGovern, Land Rover's director of design, who says, "This isn't a production-ready concept but the beginning of a four-year journey to design a relevant Defender for the 21st century." John Edwards, global brand director at Land Rover, explains that the manufacturer wants to engage with existing customers to finalise the details of the new vehicle as part of their plans to direct the future of the Defender.

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.