Autotech Engineering 4910 Right Remanufactured Cv Complete Assembly 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.

CDN launches Car Design Awards China

阅读本文中文版本请点击这里 The next generation of designers in China is again being invited to enter the CDN competition dedicated to identifying the most promising talent among them. The third annual Car Design Awards China is now open, and entries are invited from students of any design discipline who are studying full time at a college in China. They will work to briefs set by the design chiefs of OEMs including Daimler, GM, JAC, Nissan and Volkswagen.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.