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Chrysler to build smaller version of Pentastar V6

The Chrysler Group plans to produce a smaller version of its 3.6-liter Pentastar V6 engine, likely at a plant in suburban Detroit, according to a union official and a source familiar with the project. The new 3.2-liter Pentastar V6 is set to debut in the replacement for the Jeep Liberty, the union official said. Chrysler-Fiat CEO Sergio Marchionne has said the Liberty successor will be introduced in January at the 2013 Detroit auto show.

Lexus GS (2012) the first official pictures

This is the new Lexus GS, which has just been revealed at the 2011 Pebble Beach Concours d’Elegance in California, USA. Presumably the new Lexus GS is clean and green? Well, yes, but much of the official Lexus press release is filled with phrases like ‘improved driving dynamics’ and ‘packed with innovative performance’, but no mention is made of fuel consumption or emission figures.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.