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General Motors posts record earnings, but global sales fall

General Motors started the year with record success. The automaker's $2.7 billion in adjusted earnings before interest and taxes was its highest ever in in the first quarter of 2016, up from $2.1 billion in from the same time period a year earlier. Net income grew to $1.95 billion, which was more than double the $953 million in the same period last year. The company's figures also beat analysts' predictions, according to the Detroit Free Press. Despite the financial growth, global sales actually decreased by 2.5 percent to 2.36 million vehicles. "We're growing where it counts, gaining retail share in the US, outpacing the industry in Europe and capitalizing on robust growth in SUV and luxury segments in China," CEO Mary Barra said in the company's financial announcement. GM did well in North America with an adjusted EBIT of $2.3 billion, up from $2.2 billion last year. Sales in the region also grew 1.2 percent to 800,000 vehicles. According to The Detroit Free Press, the company has been especially successful at selling more expensive models in the US. The company's average vehicle was $34,600 in Q1, about $3,000 more than the industry average. Elsewhere in the world, GM also showed improvement. Europe practically broke even after losing about $200 million last year, and Opel and Vauxhall sales grew 8.4 percent to more than 300,000 vehicles for the quarter. South America only lost $100 million, which was half as much as Q1 2015's $200 million loss. China remained flat at $500 million of income. Cadillac volume jumped 6.1 percent there, and Buick's deliveries increased 22 percent, thanks to the Envision crossover's success. GM Reports First-Quarter Net Income of $2.0 Billion 2016-04-21 EPS diluted of $1.24; First-quarter record EPS diluted-adjusted of $1.26 First-quarter record EBIT-adjusted of $2.7 billion GM Europe posts break-even performance DETROIT – General Motors Co. (NYSE: GM) today announced first-quarter net income to common stockholders of $2.0 billion or $1.24 per diluted share, compared to $0.9 billion or $0.56 per diluted share a year ago. Earnings per share diluted-adjusted for special items was a first-quarter record at $1.26, up 47 percent compared to the first quarter of 2015. The company set first-quarter records for earnings and margin, with earnings before interest and tax (EBIT) adjusted of $2.7 billion and EBIT-adjusted margin of 7.1 percent.

2022 Cadillac CT5-V Blackwing, CT4-V Blackwing bring big performance back to the brand

They're finally here, the real successors to the Cadillac CTS-V and ATS-V: the 2022 Cadillac CT5-V Blackwing and CT4-V Blackwing. And at least on paper, they sure seem like worthy successors to those superb super sedans. They're more powerful, come with standard manual transmissions, and feature the latest and greatest chassis upgrades available. We'll start things off with the most beastly of the Caddies, the CT5-V Blackwing. Like the CTS-V predecessor, the Blackwing gets a supercharged 6.2-liter pushrod V8. But thanks to intake and exhaust improvements, output is up to 668 horsepower and 659 pound-feet of torque, as opposed to the CTS-V's 640 horses and 630 pound-feet. The engine also is handbuilt in Bowling Green, Ky., just like the short-lived turbocharged DOHC Blackwing V8. It's coupled either to a six-speed manual transmission with a twin-disc clutch, rev matching and no-lift shifting, or a 10-speed 10L90 automatic transmission. Power goes to the electronically controlled limited-slip differential at the rear, and rear-wheel drive is the only drive configuration available. The transmission and differential each get their own oil coolers, too. Cadillac says the CT5-V Blackwing should be able to hit 60 mph in 3.7 seconds with the automatic transmission, and the top speed is over 200 mph. 2022 Cadillac CT5-V Blackwing View 13 Photos As for the CT4-V Blackwing, it gets a twin-turbocharged 3.6-liter V6 built in Canada, and although it is more powerful than the previous car, it's only by a small amount. The CT4-V Blackwing makes 472 horsepower versus the ATS-V's 464, and the 445 pound-feet of torque is the same between each car. Just like the CT5-V Blackwing, the CT4-V gets either the same six-speed manual transmission or a 10-speed 10L80 automatic transmission, the electronically-controlled limited-slip differential, and the oil coolers. Picking the manual transmission has extra perks on the CT4-V Blackwing, though. The engines in manual cars received titanium connecting rods and revised crankshaft counterweights. The manual transmission's no-lift shift functionality is also more helpful on the CT4-V Blackwing since it keeps the car in boost between gears. Still, Cadillac's 0-60 mph time estimate is for the automatic model at 3.8 seconds. Top speed is 189 mph. 2022 Cadillac CT4-V Blackwing View 16 Photos Keeping all that power under control are a variety of chassis upgrades.

Ringbrothers drops more hints about its wild SEMA creations

Ringbrothers isn't finished teasing its SEMA creations. First we got a sliver of rear quarter on a 1969 Chevrolet Camaro that revealed a bundle of carbon fiber and SEMA-obligatory deep-dish wheels. The Wisconsin tuner's now announced its litter of cars headed to the show and a few specs, along with two shadowy drawings. The Camaro, christened with the name Valkyrja and a two-tone paint job, gets stretched in two directions with severe fender flares to widen the body and an extended wheelbase. We're not sure what's happening with the Camaro's snout in the drawing, but under that bulging hood we'll find a 416-cubic-inch LS V8 from Wegner Motorsports. Wegner built the 416-cu-in supercharged LS3 V8 that powered Ringbrothers' 1,000-hp G-Code Camaro in 2016.  The second member of the gang is a 1969 Ford Mustang Mach 1 dubbed Unkl. The exterior begs for attention with a deep blue sea paint job, deep front chin spoiler, bulging hood, yellow brake calipers, and what looks like a racing number inside a roundel on the doors. Unkl gets its motivation from a 520-cu-in Boss V8 built by Kaase Racing Engines, rumored to throw about 800 hp.    Finally, Ringbrothers is bringing its Cadillac Madam V for another Las Vegas go-round after giving the custom coupe some updates. The Madam V is a 1948 Cadillac Series 62 fastback coupe body placed atop an ATS-V chassis, first shown in 2016. The firm didn't elaborate on the changes, so all we can expect for now are the coupe's postwar good looks mixed with new-millennium engineering, and a 3.6-liter twin-turbo V6 with 464 hp under that exceptionally long hood.    For any in attendance at the show, the Valkyrja Camaro debuts at the BASF booth on Tuesday, Nov. 5, 2019 at 9:30 a.m., the Unkl Mustang gets revealed a couple hours later at the Flowmaster/Holley booth, and the Madam V Cadillac will be on display throughout the show at the Ringbrothers booth.