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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.

Toyota Yaris Trend & Yaris Edition launched

Toyota has launched a pair of special editions for summer – the Yaris Trend and Yaris Edition – with cosmetic tweaks. Not content with flogging 100 units of the Toyota Yaris Hybrid to Europcar, Toyota are intent on mopping up more sales with the launch of a couple of special editions – the Toyota Yaris Edition and Toyota Yaris Trend. Both special editions get a blacked-out C-Pillar and privacy glass to give the illusion of a floating roof, a choice of Tyrol Silver or Cirrus White paint and a three or five-door body.

Subaru Cosworth Impreza STI CS400 (2010) revealed

This is the new Cosworth Impreza STI CS400, a limited edition Subaru tuned and tweaked by one of F1’s most famous names. It costs nearly £50k, and will hit 62mph in 3.7 seconds. Almost – there’s 400PS, so 395bhp in our language; Cosworth removes the 2.5-litre flat-four from the STI and sets about seriously overhauling it.