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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.

Video lets you experience the 2013 Range Rover reveal event

The recent public unveiling of the 2013 Range Rover confirmed what earlier reports suggested: The newest version of the SUV has emerged lighter and more efficient than its predecessors, but hasn't sacrificed the performance or luxury that built the brand's reputation. The Range Rover's all-aluminum unibody structure has a lot to do with this. Aluminum helps cut the weight of the vehicle's body by 39 percent.

Tesco Cars shuts up shop

Tesco Cars closed for business A year after launching Tesco Cars in conjunction with Carsite, Tesco reveals it is to close the used car operation. Tesco Cars was one of the latest Tesco sideways moves to use its vast revenues to dominate more and more business sectors in the UK. But it’s come to an ignominious end just twelve months after it was launched, piggy-backing on the existing Carsite business to try and flog used cars to customers who would rather deal with a big supermarket than a back street car lot.