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Chrysler-Fiat deal would spawn new look for U.S. automaker

As Chrysler LLC negotiates an alliance with Fiat S.p.A. that would satisfy the Obama administration, sources say the companies are discussing a revised ownership structure, a new board and possibly a different management team for Chrysler. Among the options being discussed is a direct role in Chrysler's operations for Fiat CEO Sergio Marchionne--possibly even the chief executive's job.

Jeep uncovers the 2012 Grand Cherokee SRT8 packing 465 hp

Following a one-year hiatus, Jeep is returning the fire-breathing Grand Cherokee SRT8 to the lineup for 2012, which made its world debut at the New York Auto Show. Central to the changes is a new 6.4-liter Hemi V8 engine producing 465 hp and 465 lb-ft of torque--a 45-hp and 45-lb-ft improvement over the outgoing 6.1-liter unit. Jeep says the SRT8 is good to hit 60 mph in 4.8 seconds, cover the quarter-mile in the mid-13-second range and reach a top speed of 155 mph.

Volvo V60 estate (2010) first official pictures

Volvo has unveiled the new V60 estate car, a sleeker kind of estate from the traditionally boxy Swedes. It's the wagon version of the new S60 and it has overtones of the BMW 3-series Touring in the metal. Trust us; we've seen it.