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GM profits surge to $3.2 billion in first quarter
Thu, 05 May 2011General 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.
ABT tunes Audi RS6 Avant to 730 hp for Geneva
Thu, 27 Feb 2014German tuner ABT Sportsline is bringing its modified Audi RS6-R Avant to the Geneva motor show. The limited-edition, 730-hp station wagon will be produced in a run of just 25. “Mind you, the R stands for ‘racy,’ not for ‘rough’ or ‘rude,’” says CEO Hans-J
More Saab products coming, Muller says
Thu, 05 Aug 2010Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.