Daihatsu Move 2006 Condenser [4560600] on 2040-parts.com

Euro Car Parts sold for £225 million

Euro Car Parts Sold for £225 million There was a time, a very long time ago, where Euro Car Parts was an almost hidden secret, supplying manufacturer standard parts for higher end cars at prices that were much more affordable. The key to Euro Car Parts success was supplying parts which seemed to be sourced from the same suppliers as the car maker itself, but sold without the same huge margins. This writer was an avid fan of Euro Car Parts as a struggling young dad with a penchant for cars he couldn’t really afford; Euro Car Parts – and weekends with a toolbox and oily hands – kept a succession of luxury and performance cars on the road on a shoestring, but without compromising quality.

General Motors to invest more than $850 million to build new V8s

General Motors Co. said Tuesday it will invest more than $850 million to upgrade five North American factories to make its next-generation V8 engines more fuel efficient. The new V8s will differ from the current versions by using direct injection and a new combustion system, spokeswoman Sharon Basel said.

Ferrari black: Prancing Horse turns a profit in first quarter

Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter. Making money amid the global economic crisis is no small feat--and Ferrari posted the gain despite a slip in sales and revenue.