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Morgan booted from Morgan

Charles Morgan may have his name emblazoned across the bonnet of every Plus Four and Three-Wheeler that leaves Pickersleigh Road, Malvern Link, but he's no longer in charge. The board of directors at Morgan Motor Company has made a decision for Mr. Morgan to step down from his role as strategy director, as well as the international face of the car company that his grandfather founded.

Hiriko folding car: The solution to urban car sharing? [w/video]

The Hiriko Driving Mobility Group has moved into the manufacturing trial of its two-seater electric microcar, which it hopes will offer a new car-sharing program that will transform the way we travel around our cities. The ‘first-mile' problem – moving between the commuter's home and mass transit hubs – and the ‘last-mile' problem – from mass transit to the workplace – has increased dramatically over the past few decades as more of us live in urban environments. 10 years ago researchers at the Michigan Institute of Technology (M.I.T.) decided to explore alternatives to shuttle buses and other ideas that failed to tackle the problem.

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.