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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.

Whos Where: Ford of Europe reshapes their design department

It was only to be expected that some of the brightest creative forces should follow Martin Smith who joined Ford of Europe from his position as GM Europe Design Director in August this year. Stefan Lamm was a studio chief designer at Opel - he was recently confirmed as Chief Designer Exteriors at Ford. At the same time two new appointments were announced alongside an interesting restructuring of Ford of Europe's design department.

Russian Grand Prix (2014): RESULT

Russian Grand Prix (2014): RESULT Lewis Hamilton has seemed unassailable in recent races, and the deficit he had in the Drivers Championship has turned in to a small lead over team mate Nico Rosberg. But can he continue to increase his lead in the first Russian F1 Grand Prix in Sochi? In fact, Hamilton won the race in style, leading from start to finish after Nico Rosberg attempted an overtake at the first corner, went in too deep and locked up and had to pit for new tyres – effectively gifting Hamilton the race almost before it started.