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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Jaguar F-Type public debut at Goodwood Festival of Speed

Jaguar are giving the F-Type development prototype its first public outing at the Goodwood Festival of Speed. It’s less than three months since we discovered that the C-X16 would be the new Jaguar F-Type, but there’s been plenty of news on the spiritual successor to the E-Type since then, even though it’s the best part of a year before the F-Type launches. We know that the F-Type will come not only with the new supercharged V6 but that there will also be a V8 supercharged version of the F-Type on offer which, if it gets the full fat 550bhp version, will be a very swift cat indeed.

Ferrari auction raises funds for Japan relief

Car lovers came together for a good cause at the Italian Embassy in Tokyo on Monday. More than 200 people participated in a Ferrari charity auction, which raised more than 500,000 euros, or about $723,000 at current exchange rates. Proceeds will benefit the city of Ishinomaki, which was severely hit by the earthquake in Japan in March.