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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.
Porsche 918 Spyder (2013) final specifications and prices
Fri, 17 May 2013Porsche told CAR it expected final 918 Spyders to produce more power and better economy than the test mules – and Stuttgart has delivered. Final specs for the V8 hybrid supercar have been released, and it's as quick as you'd hope (for £660,000...) Porsche's 918 Spyder: the vital stats: Engine: 4.6-litre V8, 600bhp @ 8600rpm, 390lb ft @ 6600rpm. Engine redline @ 9150rpmHybrid module: lithium-ion batteries, electric motors, 154bhpTotal power: 875bhpTransmission: Seven-speed dual-clutch, all-wheel drive (electric motor drives fronts, motor and engine drive rears)0-62mph: 2.8sec0-124mph: 7.9sec0-186mph: 23.0secTop speed: 211mphMPG (combined): 85.6mpgCO2: 79g/kmElectric-only driving range/top speed: 18 miles/93mphBattery charge time: four hours (25mins with optional Porsche Speed Charging Station)Weight: 1675kg (unladen), Weissach package cuts 35kg from kerbweightPrice: €781,155 (£661,000), without Weissach package / €853,155 (£720,400) with Weissach package Any other Porsche 918 Spyder news?
Future products: U.S. model is VW's big news
Mon, 20 Sep 2010An ambitious plan to increase Volkswagen brand sales in the United States to 800,000 by 2018--up from 213,454 last year--begins with a mid-sized sedan to be built starting early next year in Chattanooga, Tenn. Later, the new factory will add the Polo small car or a mid-sized SUV--possibly both. Here is a rundown of VW's product plans through 2013.