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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.

Audi Urban Concept preview

Following this past weekend's spy shots of the new urban concept caught on a film set in Berlin, Audi has released a set of sketches of the all-new 1+1-seat vehicle set for its global unveiling in Frankfurt. Claimed to combine the ‘elements of a racing car, a fun car and an urban car' the concept exploits new lightweight manufacturing processes. Its cockpit is made from carbonfiber-reinforced polymer (CFRP) and it features free-standing, low-rolling resistance 21-inch wheels with protective plates.

Munich University of Applied Sciences degree show 2009

The University of Applied Sciences in Munich, Germany, held their annual degree show earlier this summer, hosting an array of projects from various design disciplines, including industrial, photo and communication design as well as transportation design projects. The nine graduating students from the Transportation Design department, headed by Professor Dr. Othmar Wickenheiser, presented projects of sponsored by Audi, BMW, Ford, Lamborghini, Mercedes-Benz and Volkswagen, while continuing students showed proposals for concepts sponsored by Mercedes-Benz trucks (entitled 'Dirty Business'), Lamborghini (themed 'Raw Material') and Semcon.