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GM spending $336 million on plant upgrades for Volt production

General Motors on Monday said it would spend $336 million on upgrades to the Hamtramck plant near downtown Detroit to build the Chevrolet Volt hybrid car. The plant will begin building Volt prototypes next spring, using the Hamtramck plant's existing production line. Production of saleable vehicles begins next fall.

Russian and American military vehicles in Ukrainian ex-president's collection

Last week the world got a glimpse of Ukrainian ex-president Viktor Yanukovych's surprisingly eclectic car collection, which included dozens of cars that have never been exhibited in any museum or classic car show outside the former USSR. The sprawling garage at the Mezhyhirya villa became public only last weekend, hours after Yanukovych's nighttime escape by helicopter to Russia. Hundreds of ordinary citizens and journalists from all around the world strode freely into the villa, finding an abundance of abandoned wealth, some of which was even tasteful.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.