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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.

Smart for-us

The latest addition to the Smart conceptual range is the for-us pickup, which follows on from the forspeed convertibe of Geneva, and the forvision hatchback that was unveiled Frankfurt, delivering another twist on the iconic city car platform. Despite the increase of size to 3547mm in length, traditional Smart iconography such as the tridon safety cell, three-spoke wheels and product-like execution – such as the inner lamp graphics – retain the brand identity. Squarer lamp and grille graphics and knobbly rocker surfacing add a twist of robustness.

Hyundai i30 Estate (2007): First official pictures

By Ben Whitworth First Official Pictures 11 May 2007 02:48 Hmm, a Hyundai that looks like a Peugeot Yes, as expected, Hyundai has pulled the wraps off the estate version of its new i30 hatch. Styled at the Korean giant’s European Design Centre in Frankfurt, the estate will be built at a new production plant in the Czech republic. 'Designed and built in Europe for Europeans," as the Koreans are bound to say at its official debut at the Frankfurt motorshow later this year.