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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.

Gordon Murray and Yamaha reveal new Motiv city car (2016)

By Ollie Kew First Official Pictures 21 November 2013 11:00 This futuristic Smart ForTwo lookalike is in fact the Gordon Murray Design Motiv – and no, the latter part of that name isn’t a typo. Built in conjunction with Yamaha, the Motiv uses elements of F1, motorcycle and extra-automotive technology to try and cut down on the environmental impact building – and running – a car creates. Mainly, it’s the two-seater’s production process, coined ‘iStream’ by the 240mph McLaren F1’s designer Gordon Murray.

Nissan’s EV onslaught continues with Townpod

Nissan’s Townpod will be the company’s third electric vehicle (a battery-powered version of the NV200 commercial vehicle will slot in after the Leaf) and is slated for a late 2012 arrival in the UK. Looking remarkably like a character from Pixar’s Cars film, the Townpod takes the lithium-ion battery-powered drivetrain of the Leaf and cloaks it in urban friendly sheetmetal. The long wheelbase and zero overhangs results in a huge cabin, accessed by some trick doors – rear-hinged rear doors and a vertically split rear door.