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Audi R8 Spyder raises £620k for Elton John AIDS Foundation

Elton, David and the man from Audi with the chromed R8 Spyder The Elton John AIDS Foundation (EJAF) needs no big introduction from us, especially to regular readers. Quite simply, it’s an astonishingly generous charitable foundation founded by, and driven ever on, by Elton John, and it’s raised getting on for £50 million since Elton founded it in 1993, thanks in no small part to Elton’s generosity with his royalties (always making sure he has enough left over for flowers, of course). And as it’s Elton who’s the heart and soul of the EJAF, fund raisers tend to be a little more interesting than a bring and buy stall on the local village green.

Road funding must increase, say MPs

THERE needs to be a big increase in Government funding and a change of approach for England's major road network if predicted traffic increases are correct, according to MPs. But any move towards using road charging to pay for the extra funding couldn't be achieved without broad agreement among politicians and motorists, said the House of Commons Transport Committee. In a report the committee added that it was "not convinced" by the case for establishing the Highways Agency, the body responsible for England's motorways and major A-roads, as a Government-owned company.

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.