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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.

Gordon Murray Design's eight new models revealed

By Ben Oliver Motor Industry 17 August 2010 09:29 Legendary car engineer Gordon Murray has revealed exclusively to CAR Magazine that he is working on eight new cars. Seven are lightweight, low-emissions cars based on his radical new iStream manufacturing technique, and the last is a new supercar that he says will have 'an enormous amount in common' with his iconic McLaren F1.You read CAR's first full appraisal of the T25 in the new September 2010 issue of CAR Magzine, out on 18 August. We've a full six-page feature on the T25 and you can see the full photoshoot by John Wycherley (tasters above).Murray unveiled the first of his eight planned products, the T25, at the Ashmolean Musuem in Oxford at the end of June.

Ford announces electric car plans at the Detroit auto show

Not to be left out of the electric car party, Ford announced Sunday at the Detroit Auto Show that it was developing a line of electric powered vehicles. In addition to its already announced hybrids and plug-in hybrids, Ford is working with Magna International to bring fully electric cars to market with lithium-ion battery packs. In the works is a Focus and Fusion-based vehicles that will be available in with all three powertrains.