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Magna Electronics develops 'Touchskin' concept [w/video]

Electronics firm Magna is working on a new technology it calls 'Touchskin concept' that has the potential to eliminate traditional switches and instruments inside vehicles. As part of its ‘Intelligent Surface Technology', the Touchskin concept is set to be an integral part of a system that allows the user to control the car via intuitive gestures – such as pinching, tapping and swiping – as we've become so familiar with when using smartphones. The potential design implications are easy to see with the large amount of space made available by removing the traditional instrument cluster and its wiring and the removal of wired-in switches and buttons.

One Lap of the Web: Life with an E28 M5, Senna's NSX and the taxi of the future

-From our friends at Motoring Con Brio comes this report on BMW E28 M5 ownership. Early observations suggest that the car likes to go fast and burn a ton of gas in the process. -Bring a Trailer has an eBay listing for a Honda NSX that was supposed to have been gifted to Ayrton Senna by his sponsor Antonio de Almeida Braga.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.