1969 Chevrolet Camaro Chevelle Pulley Assembly 3956666 Ag 330556 As 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.

First Sight: Holden Torana concept

Holden has stolen the limelight at the opening of the Australian International Motor Show in Sydney, unveiling a ground-up concept car dubbed the Torana TT36. The concept revives a famous Australian nameplate from the 1970s - appropriate since, like the original Torana, it features rear wheel drive and a six cylinder engine. That's where the similarities end, however, as the new Torana's engine is an experimental 280kW/490Nm twin turbocharged version of the new global V6 Holden has begun manufacturing for various parts of the GM world and which will eventually be used by Alfa Romeo.

LA Design Challenge 2013: The Entries

The LA Auto Show Design Challenge entries have been revealed, featuring designs from nine of the world's top design studios. JAC, Mazda, SAIC, Qoros, Subaru, Changfeng, Toyota and two groups from BMW DesignworksUSA have submitted designs for the challenge, themed ‘Biomimicry & Mobility 2025: Nature's Answer to Human Challenges'. This year's brief asked for designs for a vehicle experience that identify issues like congestion, pollution, sustainability, flexibility and safety in designing a mobility solution that mimics nature to solve them.