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U.S. auto sales climb 14 percent in January

UPDATED: U.S. auto sales, led Toyota Motor Corp. and the Detroit 3, rose 14 percent in January, giving the industry a bigger lift to begin 2013 than analysts expected.

Porsche Steps Up Vintage Motorsports Activities

With the famed Monterey Motorsports Reunion as backdrop, Porsche Motorsport North America (PMNA) announced Saturday it will expand from serving teams and owners of contemporary 911 race cars to providing a similar service to the large number of collectors of vintage Porsche race cars in the United States and Canada. PMNA has established a partnership with a new historic motorsports department that is now being established within Porsche AG's Motorsport Division in Weissach, Germany. The new department will provide expert restoration services to the Porsche Museum for many of the vintage competition cars the company owns well beyond the ones displayed in its riveting exhibition center.

Chrysler posts $212 million quarterly profit

Chrysler Group on Thursday reported third quarter net income of $212 million, up from a net loss of $84 million a year earlier. Revenue rose 19 percent to $13.1 billion. The company ended the quarter with $9.5 billion in cash, down from $10.2 billion at the end of the second quarter.