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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.

Lexus IS facelift (2011) revealed

The Lexus IS Range gets a facelift for 2011 The Lexus take on the BMW 3 Series – the Lexus IS range – has been with us pretty much unchanged for five years. So it’s certainly due a tweak or two plus it needs that certain little something many cars need at the moment – updates to conform with Euro 5 emissions which come in to play in January 2011. Across the IS range there are styling changes to mark out the 2011 models.

Mercedes S Class Coupe & GLA SUV Spy photos – from Mercedes

The new Mercedes S-Class Coupe & GLA Compact SUV have been testing in Death Valley With the petrolhead world getting used to seeing spy photos of new cars to come on a daily basis, car makers are getting in on the act with their own photos of suitably camouflaged new models. Mercedes already has a history of releasing spy photos of upcoming models, and we’ve recently had photos from Mercedes of the ‘baby’ SLS – the new Mercedes SLC – as well as previous spy shots of the SLS and SLK before they were launched. Now we have the head of Mercedes-Benz in the US, Steve Cannon, taking to Twitter to show the world what they’re busy hot weather testing in Death Valley.