1969 1970 Cadillac Climate Control Eldorado Deville Fleetwood Excellent* on 2040-parts.com

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.

Jag designers light up London’s Clerkenwell Design Week

Clerkenwell Design Week might not mean much to car designers more used to motor shows like Tokyo or Geneva. But the five-year-old event is fast becoming a fixture in the broader design calendar, and has been sponsored by Jaguar for the past four years for good reason. In simple terms, Jaguar wants to be seen (and respected) beyond the automotive realm: "We want to connect with other designers and have our designers learn from designers in other fields," advanced design director Julian Thomson told Car Design News.

Rolls Royce bucks the downturn

[ad#ad-1] All we seem to have written about recently is the doom and gloom in the car industry. Bail-outs begged for, production shut-downs, low sales and lay-offs. But one manufacturer seems to be defying the odds, and has just posted record sales figures for the year.