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Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

Andy Priaulx’s guide to 2012's BMW M3 DTM racer

The Deutsche Tourenwagen Masters is the world’s greatest tin-top race series, and after a twenty-year absence BMW is returning to the DTM in 2012 – it’s been tempted back by new rules and regulations that cut costs, improve safety, and make the racing closer and more exciting than ever. And Guernseyman Andy Priaulx is one of just six drivers who has a seat in the half dozen M3s that’ll battle Mercedes’ C Class Coupe DTM and Audi’s A5 DTM next year. We caught up with the three-time World Touring Car Champion to find out about his new 480bhp company car.

Infiniti planning new global flagship model

Infiniti is planning a flagship, sporty four-door coupe in the mold of the Porsche Panamera as the joint flagship of its expanding range. The sweeping-looking four-door will take its styling inspiration from the Infiniti Essence concept penned by design chief Shiro Nakamura and first shown at the Geneva motor show in 2009. The new car is part of Infiniti's ambitious plan to become a serious global luxury brand by carving out 10 percent of that market, equivalent to about 500K sales by 2020 and backed up by a significantly expanded model range and huge investment from parent Nissan.