Borg Warner S366 T4 Twin Scroll Turbo 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.

China to boost electric cars with 30% Government EV fleet

The BYD E6 EV (pictured) will benefit from China’s push on EVs The UK government has just announced its commitment to use electric cars for its own vehicles in an effort to boost the take-up of EVs, but China is going even further. China has ordered government officials to start buying electric cars (that means BEVs, plug-in hybrids and hydrogen fuel cell cars) in a big way, with instructions that 30 per cent of government cars must fall in to the ‘New Energy’ category by 2017, and an even higher percentage going forward. The aim is to cut pollution, and China expects to have 5 million New Energy cars on the road by 2020 and it is urging it government agencies and some city governments to start buying New Energy vehicles from Chinese makers like BYD and SDAIC, but also instructing them to build more charging stations and supporting infrastructure.

Ferrari Approved

By Stephen Dobie Motoring Issues 16 January 2008 18:45 Buying a Ferrari – if you have the money not exactly a method of torture in the first place – has just improved. Second-hand models sold through Ferrari UK’s 15-strong dealer network are set to be backed up by Ferrari Approved, a scheme adding some piece of mind to anyone buying a car up to nine years old. Aiming to sidestep the stereotype of unreliable Italian cars, it means the average 900 pre-owned supercars Ferrari UK dealers sells each year are intended to be as good as new.