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Ferrari 458 Italia (2010) at 2009 Frankfurt motor show

By Tim Swietochowski First Official Pictures 27 August 2009 13:17 Ferrari has issued more pictures of the striking new 458 Italia, which will be displayed for the first time at the 2009 Frankfurt Motor Show. The new photographs on the road reveal a mid-engined sports car that looks immediately more modern than the previous studio shots. The climbing headlight design is unusual for a Ferrari, and we can now see banks of LED lights and horizontal strakes rising up the front fender alongside the aero vents.

New Jeep Grand Cherokee S-Limited launches

Jeep has revealed a limited edition Grand Cherokee with the looks of the SRT8 but without the price or outright power – the new Jeep Grand Cherokee S-Limited. Reports of the death of the SUV have been greatly exaggerated in recent years, and the whole SUV sector – from compact to full size – still holds a lot of appeal for buyers. And when it comes to full size SUVs few do it any better than Jeep – certainly as far as off-road experience goes – even if previous versions of their full size Grand Cherokee have been a bit below European standards in terms of materials and on-road ability.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.