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Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.

Interior Motives Design Awards 2012

At a glamorous awards ceremony at the Espace Clacquesin in Paris earlier this evening, the world's top designers and automotive journalists gathered together to watch sponsors Peugeot and Volkswagen reveal the 2012 Interior Motives Student Design of the Year: ‘Autopool' by Siavash Jafari Jozani and Mina Kasirifar from the University of Tehran. At the end of what was a memorable event, the two Iranian students walked away with one of the most prestigious accolades in the automotive design industry and a cash prize of $5,000. Launched earlier this year and themed ‘What Comes Next?

Drayson Racing set new electric car speed record

Lord Paul Drayson (pictured) celebrating a new electric car land speed record Last month we reported that Lord Paul Drayson’s Drayson Racing were plotting an attack on the world land speed record for an electric car. And they’ve cracked it. In a two-way run at Elvington, Yorkshire, Lord Paul Drayson – Drayson Racing’s CEO and former science minister – was behind the wheel of the Drayson B12 69/EV as it completed two mile long runs in the space of an hour to record an average – and new World Record (for its class) – of 204.185mph.