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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.

Nissan 370Z Roadster (2009): full official photos

By Tim Pollard First Official Pictures 07 April 2009 22:01 Nissan has released its full official photos of the new 370Z Roadster in New York ahead of its debut at the 2009 auto show. As expected, it's a straightforward decapitation of the thrill-seeking 370Z Coupe, with a good, old-fashioned canvas soft-top in keeping with the Zed's no-nonsense character.There's structural reinforcement in the A-pillars and side sills to counter the lack of roof, but Nissan says numerous body panels are made from aluminium to keep weight in check. The bonnet, door panels and bootlid are all crafted from the lightweight metal and there are individual, fixed roll bars behind each seat.Providing the fun is the 327bhp/270lb ft 3.7-litre V6 with variable valve lift and the choice of a seven-speed auto or six-speed manual transmission.

U.S. auto sales continue to plunge in February

February sales for each of the top six U.S. automakers plunged more than 37 percent in February--the worst month since December 1981. "We are in an automotive depression amid 'The Great Recession,' " Standard and Poor's analyst Efraim Levy said in a report.