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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.

2015 Subaru WRX revealed ahead of LA Auto Show

Subaru's 2015 WRX model is slated to make its world debut at the LA Auto Show, but we're getting an advanced look a the enthusiast favorite thanks to a brief teaser video and what may be a leaked image of the sedan making the rounds on the Web. The Japanese automaker has kept the new WRX pretty tightly under wraps. Besides the WRX concept we saw at the New York auto show , Subaru has released little more than a seven-second teaser video.

BMW M135i Concept heading for the Geneva Motor Show

The BMW M135i Concept is heading for Geneva BMW are taking the first petrol-engined car in its new M Performance range to the 2012 Geneva Motor Show – the BMW M135i Concept. It looks like BMW are going to be rolling out their new sub-M range of cars across the entire BMW range. We’ve already had the big diesel bruisers of the new M Performance Range – the M550d, X5 M50d and X6 M50d – revealed ahead of Geneva – and news of the M Performance Parts for the 1 Series.