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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.
Durheimer succeeds Paefgen at Bentley, Bugatti
Mon, 29 Nov 2010Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.
Lotus Elise Club Racer (2011) at 2011 Geneva motor show
Tue, 22 Feb 2011The Lotus Elise Club Racer is the latest variation on the long-serving Elise, which will debut at the 2011 Geneva motor show. Disciples of the 'Lotus=lightweight' mantra will be pleased to know the Elise Club Racer does without the German tuner bling, additional luxury features or merchandising that have appeared during CEO Dany Bahar's bold reinvention of the Hethel sports car maker. The Elise Club Racer marks a return to old-school values for Lotus, with some 24kg of extraneous weight removed from the 15-year-old Elise; and added hardware tweaks to ensure the well-regarded roadster retains its performance edge.










