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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.

F1: Mercedes sticks with McLaren – Brawn still likely

Mercedes are sticking with McLaren for the 2010 season - but probably Brawn GP too. As the F1 season drew to a close at the Yas Marina circuit in Abu Dhabi yesterday, the whole of the top end of Mercedes Benz management was on hand. They had expected to see Lewis Hamilton in the Mercedes McLaren waltz to a win, but had to settle for simply powering the world champion – Jenson Button – to victory this year and claiming third and fourth place at the inaugural Abu Dhabi Grand Prix.

Lamborghini Gallardo production ends as its replacement is trailed

No sooner has the death knell finished tolling for the now departed Lamborghini Gallardo – the firm’s best-selling model ever – the Italian supercar manufacturer is already teasing the Gallardo’s replacement. On a new website – Hexagonproject.com – Lambo is revealing "the roar of its new creature," which is thought to be called the Cabrera. On Bing: see pictures of the Lamborghini CabreraFind out how much a used Lamborghini Gallardo costs on Auto Trader Lamborghini is keeping its cards very close to its chest, and the Hexagon Project website doesn’t really reveal any information on the new car.