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Milestone in life matched by car change

MOST DRIVERS in the UK mark key milestone moments in their life with a change of car. Four out of five British drivers say they will change their car to give their first-born child a more comfortable drive home, while others say they would swap cars if they won the Lottery. A survey by the AA found that 26% of drivers will change to a new car if they start a new job, while 21% decide on a different car because of retirement.

Ferrari California Handling Speciale (2012) first pictures

This is Ferrari’s revised California, which will be unveiled at the Geneva motor show in March 2012. It’s got more power, weighs less, and can be optioned with a chassis-sharpening Handling Speciale package, all features scooped by CAR last year. The California caused quite a stir when it was launched, ushering in a whole host of firsts for Ferrari: it was the company’s first convertible with a folding metal roof; the first with a double-clutch gearbox, the first front-engined V8 Ferrari, and the first with direct-injection engine technology.

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.