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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.

Spyker B6 Venator Spyder on the way

But much of that will probably depend on real buyers stumping up real money to get on the waiting list for a car we still don’t know a great deal about (in particular what underpins it) but which does look good and manages to encompass Spyker’s traditional styling cues whilst still conspiring to look very current. Now, buried amongst the latest financial report from Spyker – which shows no real turnover or profit, loans in to shares and an injection of cash from Youngman – comes the news that Victor is already getting a bit ahead of himself again with plans to reveal the B6 Venator Spyder later this year. That looks a bit of a ‘run before you can walk’ scenario for Spyker - especially as Victor says production of the C8 Aileron will gather pace this year and the D8 Peking-to-Paris SUV will be a priority – but if Spyker can produce a Venator Spyder that looks as good as the coupe it may be the right way forward.

Russia gets its first Lamborghini dealership

While luxury supercars have been a status symbol of the new upper class in Russia, owners often have resorted to buying secondhand or going out of the motherland for their latest top-dollar vehicle acquisitions. Automobili Lamborghini is betting on the continued strength of the Russian market by opening its first dealership in that county in conjunction with the Burevestnik Group, a luxury-automobile and yacht company, in Moscow. “We are very proud of representing Lamborghini in Moscow,” said Andrey Lomakin, co-owner of the Burevestnik Group.