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Ralliart unit folds, but Mitsubishi keeps name

Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp., informed global distributors on Wednesday that it would cease business operations March 31. In the United States and Europe, Mitsubishi markets a Ralliart sports version of its Lancer, which has become a sporty halo car for the brand.

Whitacre says GM is making progress, could be profitable in 2010

General Motors Co. could be profitable later in 2010 if it can continue sales momentum and economic conditions even out, CEO Ed Whitacre said on Wednesday. “Certainly we're aimed at profitability as quickly as we can get there,” he said.

2014 Jeep Wrangler Dragon Edition sparks a fiery interest among Jeep enthusiasts

Jeep introduced its new 2014 Wrangler Dragon Edition on Thursday as a limited-production model that will be featured in North American showrooms as early as this fall. First seen at the 2012 Beijing Auto Show, this new Wrangler sparked the interests of Jeep enthusiasts around the world with its striking black-and-bronze satin-gloss exterior and interior details, in addition to its suggested retail price of $36,095. Mike Manley, president and CEO of Jeep Brand, Chrysler Group, said that the release of the Dragon Edition Jeep has received tremendously positive feedback with its stunning and unique upscale design.