Fiesta becomes UK's all-time best seller

THE FORD FIESTA has become Britain's all-time top selling car. Ford said Fiesta sales had now topped 4,115,000, taking the model past the previous record holder, the Ford Escort . First launched in 1976, and initially made at Dagenham in Essex, the Fiesta has led the small-car sector in the UK for 27 of the 37 years and has been Britain's annual best-selling car since 2009 when it overtook the Ford Focus.

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.

First Sight: Holden Torana concept

Holden has stolen the limelight at the opening of the Australian International Motor Show in Sydney, unveiling a ground-up concept car dubbed the Torana TT36. The concept revives a famous Australian nameplate from the 1970s - appropriate since, like the original Torana, it features rear wheel drive and a six cylinder engine. That's where the similarities end, however, as the new Torana's engine is an experimental 280kW/490Nm twin turbocharged version of the new global V6 Holden has begun manufacturing for various parts of the GM world and which will eventually be used by Alfa Romeo.