Old Car Emblem Regal #3 Removed From Junked Car Many Years Ago 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.

Mugen Honda CR-Z Hybrid Video ahead of Goodwood

Mugen Honda CR-Z Hybrid playing on video We reported back in April that Honda had turned to Mugen to see if they could inject anything in to the CR-Z Hybrid that might make it even remotely appealing to a driver. The plan was to take the resulting Mugen Honda CR-Z to this year’s Goodwood Festival of Speed, to see if the knowledgeable petrolheads that gravitate to the Goodwood Estate like moths to a Summer flame could find something to love in the Honda CR-Z, once it had had some Mugen fairy dust springled on it. We were a bit reluctant to expect anything much of the CR-Z even after Mugen had played, but we were pleasantly surprised to learn that the CR-Z would get a wider track, new suspension and brakes and a drop in weight thanks to some carbon fibre in the mix – most notably the carbon fibre bonnet.

Auctioneer Dean Kruse's money woes continue

Auburn, Ind., auctioneer Dean Kruse has been ordered by a local court to pay more than $1.3 million to an Indiana bank, and a leasing company has asked a federal judge to repossess Kruse's 1985 Cessna jet, which had been insured at $3.5 million. These two recent events are on top of several months' worth of financial woes for one of the classic-car world's best-known auctioneers. AutoWeek reported in August that people from across the country were complaining that they had not been paid for cars sold at various Kruse International auctions.