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Jeep Grand Cherokee SRT8 costs £58,995

Jeep Grand Cherokee SRT8 - perhaps the best value for money super SUV Jeep has announced that the most powerful new Grand Cherokee – the SRT8 – will cost £58,995 in the UK. The 2012 Jeep Grand Cherokee looks to be a very good effort from Chrysler, and it has a real fighting chance of seriously taking on the luxury SUV models from Europe. But one model really stands out – the Jeep Grand Cherokee SRT8.

Nissan Pivo 3 concept (w/ Video)

The Nissan Pivo 3 will make its world debut at the Tokyo motor show later this month. You may remember the previous Pivo concepts featured a rotating, spherical cabin, which sat atop a square base whose four wheels allowed it to move in any direction. This Pivo is different in that its cabin is fixed and also (relatively) more car-like, with a design language that is now recognizably Nissan.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.