Audi Q7 on 2040-parts.com

GM profits surge to $3.2 billion in first quarter

General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.6 billion in income from the March sale of GM's ownership in Delphi Automotive, GM earned $2 billion before interest and taxes. GM's net income for the January-through-March period a year earlier was $865 million.

Bio-Fuel Skycar to go in to production

Parajet's Skycar looks set for road-legal production in 2010 [ad#ad-1] Three months ago we brought you news on the plans of London Company Parajet International Ltd to take their Skycar on a trip to Timbuktu. Well, not only was the trip a great success – they arrived in Timbutu on 26th March – but the Skycar is now destined to go in to production next year. Bedfordshire Company Rage Motorsport, best known for producing Buggies, is to partner with Parajet to produce completely road-legal versions of the Skycar, with Rage producing the cars/buggies and Parajet adding the bits to make it fly (which makes sense!).

One Lap of the Web: Bugatti state of mind

-- Last week, we looked at the new Bugatti exhibit at the Mullin Museum, which taught us more about Bugatti in an afternoon than the last three years of idly flipping through Pebble Beach programs. Having thus immersed ourselves in the House That Ettore Built, we'd really like to drive to work in a faithful Type 35 replica by the aptly named Pur Sang, which Mark Dixon of Octane drove for his 140-mile commute. "You need to keep the revs up while the engine clears its throat and warms its plugs," he writes.