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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.

Cadillac's baby takes aim at A-class

By Phil McNamara Motor Industry 23 October 2006 09:45 General Motors is considering a Cadillac supermini, based on the next generation Vauxhall Corsa platform. 'We're experimenting with a dramatic Cadillac off our global small car architecture,' said a GM source. The inspiration is the Mercedes A-class, which suggests a compact but tall one-box design, to maximise interior space.

New Porsche Supercar at Detroit Motor Show – Video Tease

Porsche Detroit Supercar Tease The Detroit Motor Show kicks off today for press – well, today Detroit time, which is a few hours yet – and car makers have been getting their product ready to show. And lots of that product is being sneaked in to keep prying eyes away before the official reveal happens later today or later this week. But Porsche has filmed their promised ‘Something Spectacular’ as it arrives in Detroit to be readied for the eyes of the world to fall upon it.