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R8 e-tron electric supercar will be built, Audi says

The Audi R8 e-tron is back on: Audi has backtracked on an earlier decision to cancel production of the zero-emission supercar and will now push ahead with small-scale production two-seater, Autoweek can confirm. The decision is part of a number of sweeping changes made to Audi's research and engineering operations since the arrival of its new head, Ulrich Hackenberg. Citing recent advances in lithium-ion battery technology that has reportedly increased its range from an original 134 miles to close to 250 miles, high-ranking insiders at Audi's headquarters in Germany suggest the R8 e-tron will now go into limited production during the latter half of 2014.

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.

Parade of Woodward Dream Cruise classics gets underway

Friday marked the final prelude of the 17th annual Woodward Dream Cruise but pre-event festivities have been underway for days throughout suburban Detroit. A lights-and-sirens cruise graced the streets of Ferndale, Mich., during late afternoon, while an emergency-vehicle show ran through the evening; live DJs set up to play through the day and night in Pontiac, Mich.; a classic-car parade lit up the streets in the nearby suburb of Berkley; and classic-car displays have now claimed much of the pavement in Royal Oak. Among local car enthusiasts participating in the week-long buildup to the Woodward Dream Cruise, Kathy Lang and her husband have been set up with their 1964 Dodge Polara in the Royal Oak vicinity since Monday.