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2012 Lexus GS Spied

2012 Lexus GS Spied at the Nurburgring It’s not exactly a huge surprise that there’s a 2012 Lexus GS pounding around the Nurburgring in disguise, or that we managed to grab spy photos. Well, there is perhaps the question of ‘Why test a saloon car at the Nurburgring at all?’, but that’s another argument. But after the Lexus LF-Gh got teased ahead of, and then revealed at, the New York Motor Show in the Spring, it was clear Lexus were planning to revamp the GS.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

Petrol sales hit record low in July

FEARS of a 4p-a-litre rise in prices at the pumps sent petrol sales crashing to an all-time July low. The rise turned out to be only 1.5p a litre but it led to July petrol consumption dipping to 1.44 billion litres, down nearly 100 million litres on June, according to Government figures highlighted by the AA. The AA said petrol retailers and others had predicted that the UK's average cost of petrol would rise by up to 4p a litre in July.