We all remember our first car, and some of us have managed to hang on to that car for years. While we all have some kind of impression left on us by our inagural vehicles, Clarence Curtiss' story is far better than any yarn we could spin. The 1929 Ford Model A shown above was purchased by a 15-year-old Curtiss for $10 in 1938, and he's had it ever since. The most charming part is that Curtiss and his future wife Dorothy carved their initials into the steering wheel shortly after he'd bought the
The good news is that GM posted a profit of $62 million, which is the company's second consecutive quarterly profit. The bad news is that the $62 million represents a 90% decline in profits from the first quarter of 2006, which were $602 million. There is a silver lining: the drop is due to losses at GMAC Financial Services, and not the automotive business. In fact, automotive operations improved and GM had record vehicle sales worldwide.