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GM’s Post Bankruptcy Results, New Mercedes-Benz Mbrace: Today’s Car News

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GM Renaissance Center American flag

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The results are in and by the looks of things GM is doing alright since emerging from bankruptcy back in July. The revitalized company may have posted a net loss of $1.2 billion for the third quarter of 2009 but revenues are up more than $4.9 billion on the preceding quarter. [Motor Authority]

From today onwards Mercedes-Benz customers will be able to enjoy a new level of service in their cars. Together with Hughes Telematics, Mercedes-Benz the new system offers everything from a vehicle locator for crowded car parks, somebody to direct you if you get lost and even full connectivity with smart phones--all whilst sitting in the driver’s seat. [Wired]

Toyota is reportedly planning a bigger version of the Prius that could be a station wagon or even a SUV. It’s expected to hit the market towards the end of next year but Toyota is yet to confirm its existence. [Drive]

Ford’s new EcoBoost engine technology is heralded by the company as the key to finding a balance between power and economy, and soon it may be appearing in high-performance models like the Shelby-enhanced Mustang. A twin-turbocharged and direct-injected V-8? We can’t wait. [egmCarTech]

Mercedes-Benz and McLaren will soon be parting ways, with the German luxury automaker reportedly buying a 75% stake of Brawn GP. Its remaining 40% stake will be sold back to the McLaren Group over the next two years. [Autocar]

The 2011 Chevrolet Volt isn’t due to hit the streets until the end of next year but one entrepreneurial dealer in Columbus, Ohio is selling deposits for the upcoming plug-in hybrid on eBay. [eBay]

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