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Toyota Yaris

Toyota has released these images of the latest variant of the ever-popular Yaris/Vitz city car. Whilst growing in every direction over the outgoing model, the new car manages to be around 30 kilos lighter than the model it replaces. The exterior has received a thorough revision, being designed under the moniker of 'agility and sophistication'.

BMW i3 starts at $42,275

The electric BMW i3 mini crossover will cost $42,275, including destination, when it debuts to the press on July 29. The company is hosting three simultaneous launch events in London, New York and Beijing. The production version of the car was first seen at the Frankfurt motor show in March.

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.