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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.

GM claims 23-mpg average in E-ROD 1955 Chevrolet Bel Air

First introduced in 2009, the GM Performance Parts (GMPP) E-ROD program was born with the mission of creating fuel-efficient, emissions-compliant engine packages for hot-rodders. Now the program is back in the news as GMPP claims that an E-ROD-powered 1955 Bel Air returned 23 mpg on a trip from Michigan to Florida while producing emissions comparable to those of a new Camaro SS. All of that green doesn't come inexpensive--or easy.

Prodive’s David Richards looks at Honda F1

It was a real surprise that Honda decided to pull out of F1 for 2009. True, they haven’t yet seen the sort of success that their efforts, and money, should have yielded, but they have a superb product and, more importantly, potentially one of the best set-ups in F1 led by the best of the best, Ross Braun, who was pretty much responsible for the renaissance at Ferrari and Michael Shumacher’s domination of the sport. But there could well be a light at the end of the tunnel for the Honda F1 Team.