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Eterniti Hemera concept

An intriguing teaser sketch for Eterniti Motors, a new London-based luxury car brand, has been revealed this morning. The company's website features a teaser video and an early sketch of its first vehicle, the Hemera. It will be further developed, with more evolved versions of the sketch released every week leading up to its Frankfurt debut. Judging from the sketch, the full production-ready vehicle set to make its debut in Frankfurt will be a high-level SUV crossover.

Mercedes-Benz found guilty of price-fixing in China

Associated Press Mercedes-Benz has been found guilty of fixing prices of car parts in China – with BMW, Audi and Chrysler also facing penalties. China’s state news agency, Xinhua, reports that the German manufacturer has been found guilty of using its power to control the prices of parts. The Chinese government is cracking down on monopolies and has been accused of being too harsh on companies from abroad.

Ram brand created, Gilles to lead Dodge cars and Fong leaves in Chrysler shakeup

Chrysler Group has created a new brand called Ram for its trucks and named its top designer, Ralph Gilles, as CEO of Dodge cars. The new structure overhauls a setup announced in June as the automaker emerged from bankruptcy in an alliance with Fiat S.p.A. Michael Accavitti, who had led the Dodge brand, has "resigned to pursue other interests," the company said in a statement.