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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.

CAR tech: how much F1 is in the McLaren P1?

We're forever told racing tech makes for better road cars, but is that true, even in the case of the £866,000 McLaren P1? CAR tech looks at the similarities between Jenson Button's weekend racer and McLaren's hybrid supercar: Gives you wings A Formula One car wins or loses by its aero package – and the P1’s a true aero car with a mighty set-up. It has the highest amount of downforce of any road car on sale – so you couldn’t get closer to F1 with number plates if you tried.

Russo and Steele offers one-of-a-kind 2013 SRT Viper for charity

Russo and Steele will feature a 2013 SRT Viper GTS at its January auction in Scottsdale, Ariz., with proceeds going to the Sons of Italy foundation (SIF). The auction house says the car was built specifically for the foundation. It will join some 700 sports and muscle cars at the auction, which spans Jan.