(Bloomberg) — General Motors Co. overtook Toyota Motor Corp. as the more profitable automaker this year, while Ford Motor Co. held its lead as the world’s top-earning manufacturer amid rising global sales for the industry.

Honda will be bringing a new electric vehicle concept and a plug-in hybrid platform to the LA Auto Show, and they will be revealed on Wednesday, November 17 at 1:20 p.m. PST.

From their press release: A joint project between Mustang engineers and Ford Racing, TracKey adds a second set of powertrain control module (PCM) software to a customer’s Mustang Boss 302, activated by a specially programmed vehicle key. When invoked by TracKey, the new TracMode software alters more than 200 engine management parameters, increasing low-end torque and turning the potent but well-mannered stock Boss into a competition-ready track car. Remove TracKey and start Boss with the standard key, and all factory engine settings are restored for a comfortable drive home from the course.

Porsche has officially announced its plans to reveal a “mid-engined sports car” next week at the Los Angeles Auto Show, in addition to showing off its latest 911 models – the GTS and Speedster. According to earlier reports, the Cayman CS will be motivated by the automaker’s 3.4-liter flat-six, with power expected to be around 333 horsepower. The Clubsport’s main objective will be lightness, with sources saying that anywhere from 162 to 184 pounds will be shed from the stock Cayman S body. This means things like fabric door pulls, aluminum body components and lightweight alloy wheels will be on hand.

More pics after the jump

Daimler AG’s Mercedes-Benz is rolling out an S-class sedan with a four-cylinder engine, a first in the model’s 60-year history as it vies with BMW AG and Audi for the “green” luxury driver.