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GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

New BMW M3 and M4 engine secrets laid bare

BMW's M division has lifted the veil of secrecy on the inline six-cylinder engine bound for its upcoming M3 sedan and new-to-the-range M4 coupe and convertible, revealing a potent twin-turbocharged 3.0-liter direct injection gasoline unit that produces an official 424 hp at 7,500 rpm and what officials describe as "significantly more than 369 lb-ft" of torque. The newly developed engine, known under the internal codename S55 B30, shares its 84.0 mm bore and 89.6 mm stroke with BMW's standard turbocharged 3.0-liter in-line six-cylinder direct-injection gasoline mill, the M55 used across the German car maker's lineup, endowing the aluminum block unit with an overall swept volume of 2,979 cc. This represents a sizeable 990 cc reduction on the engine BMW's M division's new unit replaces, the S65.

Renault Zoë ZE electric car 'to cost £13,000' in UK

By Tim Pollard Motor Industry 13 May 2010 07:55 Renault's new electric cars may turn out to be cheaper than we expected. We had been looking to a price comparable to modern turbodiesels, but a senior executive has told us that the new 2012 Zoë ZE city car will be priced from just €15,000. 'The Zoe will cost around €15,000, or £13,000 in sterling,' said global vice president of sales and marketing, Stephen Norman.