Cb750 / Cb750f Gas / Fuel Tank on 2040-parts.com

Audi shows S3 Sportback (2013) – but is a used S3 a better buy?

Here’s Audi’s S3 Sportback, the five-door version of the 296bhp Quattro hot hatch unveiled last year. The S3 Sportback takes 5sec flat to accelerate from 0 to 62mph, that’s one-tenth of a second quicker than Audi’s official figure for its three-door stablemate. That’s because the initial 5.1sec S3 time was only an estimate, and Audi’s subsequent tests have shown the three-door S3 actually dipping below five seconds in the 0-62mph sprint.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

Jaguar gets a helping hand

It has been reported this morning that Gordon Brown and Alistair Darling have agreed to dip in to tax payers funds to help Tata, the owners of Jaguar and Land Rover. Along with most other car makers in the world, Jaguar and Land Rover has been hit hard by the current economic blight. But it seems that Tata has been hit by more grief than most.