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Press leaving Chrysler, report says

Chrysler Group Deputy CEO Jim Press is planning to leave the company before the end of the year, according to a report Friday by The Wall Street Journal, citing unnamed sources. Press, 62, is expected to leave before December, one of the newspaper's sources said. Chrysler spokesman Gualberto Ranieri declined to comment on the paper's report.

Ferrari F450: Last one to be auctioned Sunday to benefit earthquake victims

In an auction featuring some of the rarest, fastest and most head-turning Ferraris ever, a brand-new F430 may be the show-stealer. The Prancing Horse said Wednesday that it is auctioning off the very last F430 to roll off the Maranello production lines at the end of the year to raise money to rebuild the central Italian region of Abruzzo, which was devastated by an earthquake on April 6. Ferrari will work with local authorities to distribute the funds.

Lexus GS 450h – Frankfurt reveal

The revised 2010 Lexus GS 450h launched at Frankfurt We covered the Lexus LF-Ch quite a bit – it was the Lexus big card for Frankfurt – and we managed to catch up with the 2010 LS600h yesterday. But Lexus has also had a fiddle with the GS 450h to produce a 2010 model. Much like the LS 600h the GS 450h gets few exterior tweaks to freshen it up, including a new grill, new rear lights and a fresh set of 18″ alloys on the SE-L version.