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Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.

Hyundai i20 facelift and Veloster Turbo at 2012 Geneva motor show

Hyundai has significant new model news and a piece of range expansion to announce at the 2012 Geneva motor show with the unveiling of a facelifted i20 supermini and a spanking fresh turbo diesel for its Veloster coupe-cum-hatchback.  One at a time now – will the Veloster line up neatly behind the i20 please. What’s happening to that then? Perhaps slightly stung by critics in some quarters dismissing the Mk1 i20 as being rather Euro-bland, the Korean’s all-new i20 is a rather pretty-looking thing. Nose-wise it has a wide-mouthed, grinning hexagonal grille and little creases filtering up from it and the headlamp cluster, which look uncannily like laughter lines.

First Sight: Daimler-BYD electric car design renderings leak out

Computer renderings of an electric car, being jointly developed by BYD Co., a Chinese battery and car producer that began making cars only less than a decade ago, and Daimler AG with more than a century of experience - were leaked for the second time this year. The car marks a critical juncture for the young Chinese carmaker based in the south China industrial hub of Shenzhen, just a stone's throw away from Hong Kong. It is also a key initiative in China, now the world's biggest auto market, for Daimler.