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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.

Hybrid Lexus goes endurance racing

By Phil McNamara Motor Industry 03 June 2007 02:35 A track-honed version of Lexus' GS450h hybrid saloon has completed a 24 hour Japanese endurance race. The racer ran the production car's powertrain: a 292bhp V6 petrol engine supplemented by 197bhp from an electric motor. This petrol-electric hybrid delivers the power of a V8, but with combined fuel consumption closer to that of a four-cylinder engine.

New car sales hit ten year high – Toyota Yaris breaks in to top 10

The Toyota Yaris accounted for over 20% of hybrid sales in March 2014 We’ve got used to new car sales (well, new car registrations) hitting new highs month after month, but March 2014 managed to top even the recent levels with the highest monthly registrations in a decade. March is normally the year’s highest new car month with the ‘year’ plate change coming in, with almost 20 per cent of cars registered in that month alone (it used to be August when  there was just one plate change a year) and 2014 saw a jump of nearly 18 per cent over 2013, and the highest total since March 2014. Still sitting atop the list is the Ford Fiesta (25,753) with more than 50 per cent more sales than the second place Ford Focus (16,860), with the usual suspects taking up the rest of the top ten (full top ten sales for March 2014 below).