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Toyota reveals new Le Mans car as Peugeot quits

Peugeot has announced that it’s closing its Le Mans and endurance racing programme with immediate effect. The unexpected announcement is a blow to the world-famous French endurance race, as the diesel-powered 908 HDi LMP1s have been the only cars able to challenge Audi’s dominance over the past few years – Peugeot won the Le Mans 24hrs in 2009. On the same day that Peugeot Sport announced the closure of its endurance racing programme, Toyota revealed its new 2012 Le Mans racer.

2014 Jeep Cherokee delayed?

Chrysler Group late today took the unusual step of postponing a planned media drive of the 2014 Jeep Cherokee scheduled for early next month but vowed that "vehicles will still be in showrooms in September." The media event -- in which waves of national and foreign journalists were to gather in Seattle between Aug. 8 and 14 to drive the Cherokee for the first time -- was delayed until at least the first half of September, according to an email from the automaker. "Over the last couple of weeks during final quality and durability testing, we have discovered the opportunity to further improve powertrain calibration" in the Cherokee, the company said.

Hoon Small! Fiat 500 Abarth to start at $22,000

Fiat's U.S. arm is hoping that the Abarth-tuned antisocial edition of its diminutive 500 will inject some heat into the model's disappointing sales figures. Pricing it starting at $22,000, not including destination charges, should make the heated, tiny Italian more compelling to hot-hatch enthusiasts.