Cobra Polaris Iq Rmk Mid Clear W/black 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.

Vauxhall calls its new 2013 city car the Adam

Vauxhall has revealed the name for its new city car – the car previously dubbed Junior will in fact be called the Adam. It’s one of the more oddball car names we’ve heard recently. As well as announcing the Adam name, Vauxhall today issued two photographs of a disguised city car, giving us the first official glimpse of its new hatchback.

Ferrari 250 GTO – the ‘Budget’ version

The 250 GTO Evocazione - a replica Ferrari 250 GTO The last time we had a Ferrari 250 GTO in the news was when we broke the story that Chris Evans had acquired a Ferrari 250 GTO for an undiclosed price (thought to be £12 million +). And, much though it pains us to suggest it, the Ferrari 250 GTO Chris bought was not actually the most desirable of 250 GTOs. For that you’d be looking much closer to £20 million.