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Chrysler vows to rebuild SRT

Ralph Gilles promises that Chrysler Group will be "very choosy" about the cars and trucks that get the SRT performance badge. Gilles, recently named head of SRT, is charged with rebuilding the SRT unit, which languished when Chrysler was owned by Cerberus Capital Management. Three new SRT vehicles, versions of the Dodge Charger and Chrysler 300 sedans and the Jeep Grand Cherokee, will arrive in dealerships this fall, joining the Challenger SRT8.

Baby Jag Gets A Name

LUXURY car maker Jaguar has released a teaser picture of its next new model, in advance of a full reveal later this year. Positioned below the firm's mid-size XF, the new XE is expected to do battle with the likes of BMW's 3 Series, Audi's A4 and Mercedes' C-Class. Industry experts are predicting a sub £30,000 entry price for the XE, which will be powered by a new range of Jaguar designed and built engines.

GM to retool factory for new Impala

General Motors plans to idle the plant where it assembles the Chevrolet Volt plug-in hybrid for four weeks starting next month to retool for production of the all-new 2014 Impala and a small number of 2013 Malibus. GM will close its Detroit-Hamtramck plant from Sept. 17 until Oct.