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2014 Jeep Cherokee delayed?

Chrysler Group late today took the unusual step of postponing a planned media drive of the 2014 Jeep Cherokee scheduled for early next month but vowed that "vehicles will still be in showrooms in September." The media event -- in which waves of national and foreign journalists were to gather in Seattle between Aug. 8 and 14 to drive the Cherokee for the first time -- was delayed until at least the first half of September, according to an email from the automaker. "Over the last couple of weeks during final quality and durability testing, we have discovered the opportunity to further improve powertrain calibration" in the Cherokee, the company said.

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.

Hearst moves Road & Track

New York publishing house Hearst says it will move the Road & Track magazine editorial offices from Newport Beach, Calif., to Ann Arbor, Mich., home of its other auto-magazine title, Car and Driver. Additionally, Larry Webster has been named editor in chief, replacing Matt DeLorenzo. Webster had been automotive editor of Hearst's Popular Mechanics since January 2010 and before that was the Detroit editor for Popular Mechanics.