Hino Hino Large Automobile 2003 A/c Compressor [9660700] 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.

Saab is sold again: two Chinese makers buy Saab

Chinese car makers Pang Da and Youngman today agreed to buy Saab in its entirety from Swedish Automobile. It's the latest extraordinary twist in the saga of Saab, which has been technically bankrupt since September 2011 and built just 11,000 cars this year. The deal, which will see the Chinese car makers pay €100 million for Saab, has not yet however been signed and sealed.

Autumn issue of Interior Motives magazine out now

The autumn edition of Car Design News' quarterly interior design publication, Interior Motives magazine, is out now. As ever, it features in-depth design development articles on the most interesting and important concept and production vehicles launched in recent months. This issue's cover star is the Buick Riviera concept, first seen at the Shanghai show in April.