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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.

Corvette Stingray wins North American Car of the Year

The 2014 Detroit Motor Show has got off to a cracking start for General Motors, with the company winning TWO top North American awards. With the new Chevrolet Corvette Stingray scooping the North American Car of the Year award, and the Chevrolet Silverado bringing home the Truck of the Year honour, it’s the first time GM has swept the board since 2007. New 2014 Chevrolet Corvette Stingray in pictures at Detroit Motor Show The best new cars coming in 2014: Chevrolet C7 Corvette Stingray The awards – which are based on the thoughts of a panel of automotive critics – are amongst the most respected in the industry and are said to have a direct influence on a car’s fortunes.

New Subaru WRX teased ahead of Los Angeles Auto Show debut

New Subaru WRX teased ahead of Los Angeles Auto Show debut There’s still no guarantee that Subaru UK will import the new WRX and put it on sale in the UK, but the production version of the new WRX will be revealed at the Los Angeles Auto Show this month to whet appetites. We expect there will be strong similarities between the production version of the new WRX and the WRX Concept we saw at the New York Show earlier this year, and this first teaser image does seem to show that. The statement bonnet scoop is firmly in place – with sharp crease lines flanking it – as is Subaru’s heaxagonal grill with a butch front bumper with big air intakes and mesh inserts.