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GM profits surge to $3.2 billion in first quarter
Thu, 05 May 2011General 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.
Hamann Motorsport tie-dyes McLaren MP4-12C
Wed, 07 Nov 2012Tuner Hamann Motorsport is going after BMW's art car with its new creation. The colorful memoR package for the McLaren MP4-12C turns the angry supercar into a Technicolor rolling sculpture for Timothy Leary fans. Of course, this car is from Hamann, so it's equipped with a carbon-fiber body kit.
BMW to EXPORT 5-Series from China
Sat, 26 Nov 2011BMW are to export China made 5-Series cars When you think about luxury cars in China, you think of big imports from the West at premium prices for newly wealthy Chinese. But BMW are planning to turn that on its head. BMW’s China CEO has revealed that before the end of 2011 we’ll see Brilliance-BMW 5-Series cars being exported to neighbouring Asian countries, as BMW seeks to cash in on its low cost, low duty China manufacturing facility.