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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.

SsangYong will show XUV 1 concept at Frankfurt

South Korean automaker SsangYong will have something to brag about at the Frankfurt motor show in September--namely, the new concept XUV 1. The XUV 1 is a small crossover vehicle with a shape similar to that of the Land Rover Range Rover Evoque. At least that's what we see from teaser photos released on Thursday.

Black boxes in cars likely to become standard

Most people are aware of event data recorders, commonly called “black boxes,” in airplanes. Many people don't realize a variety of passenger cars also have these devices -- and they may be mandatory for 2015 model year cars. There are black boxes in about 96 percent of cars for the 2013 model year, according to the