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Arizona auctions week gets optimistic start

It's auction time in Arizona, and Barrett-Jackson has seen some numbers grow. Monday's preview day drew record crowds--a reported 39,000 attendees--a whopping 85 percent increase from 2010. The weather might have played a part, as for the first time in quite a few years, temps have been in the Chamber of Commerce-like low 70s during the days with cool nights.

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.

Hyundai i40 saloon – that’s the Euro version – finally arrives

It's the Hyundai i40 Saloon for Europe As we reported last week – after Hyundai had, rather pointlessly, teased us with an image – the European version of the Hyundai i40 saloon is about to launch at the Barcelona Motor Show. So we have details, although much of what we have is what we already know from the Hyundai i40 Estate. What we do know is that the European  i40 – whatever guise it comes in – seems a fine car and a real threat to the sector domination by the Ford Mondeo and VW Passat.