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GTbyCitroen at Goodwood Festival of Speed – Confirmed

The GTbyCitroen Concept will tackle the Goodwood Hill Climb in July The GTbyCitroen will be at the Goodwood Festival of Speed between 3rd & 5th of July, and will tackle the 1.16 mile hill climb as part of the Sunday Times Supercar Run. But there is no word on who will be driving the Citroen GT, although our money is still on Race of Champions title holder, Sebastian Loeb. This tour of high-profile European Motoring events is a prelude to the limited production of the GTbyCitroen Concept, which was never actually designed to be built.

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.

Cadillac S-class fighter confirmed

General Motors CEO Dan Akerson recently revealed to USA Today that a new Cadillac S-class and 7-series fighter is in the works. He suggested it would be released in about two years. The large luxury sedan will utilize a rear-wheel-drive chassis loosely based on the CTS, though there will also be an all-wheel drive version.