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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.

AMG Vision Gran Turismo concept shows off ahead of PS3 appearance

Mercedes-Benz has revealed a spectacular new virtual sportscar concept created by its in-house design team for inclusion in Sony's new PlayStation 3 game "Gran Turismo 6." Called the AMG Vision Gran Turismo, the brawny-looking gullwing coupe is to be revealed as a model at the opening of Mercedes-Benz's new research-and-development center in Sunnyvale, Calif., on the eve of next week's LA Auto Show. Yet despite the unveiling in 1:1 scale, the new two-seater is destined to remain a feature of the virtual world as the first in what Mercedes-Benz is billing as a series of Vision Gran Turismo vehicles to be unveiled in the near future. While the virtual properties of the AMG Vision Gran Turismo mean it will only ever see running as a high-resolution graphic within the new "Gran Turismo 6" game, this hasn't deterred Mercedes-Benz from providing it with detailed styling and mechanical data -- elements of which are said to provide solid hints to the upcoming GT AMG due to be unveiled in mid-2014 as a range-topping replacement for the SLS AMG.

VW Pickup concept (2008): first official photos

By Chris Chilton First Official Pictures 24 September 2008 18:00 He’s designed Alfa Romeos, Audis and even a Lamborghini but now Walter de'Silva has gone all humanitarian and designed a pick-up.  VW’s first small flatbed since the Mk1 Golf-based Caddy will take on trucks like the Toyota Hilux and Mitusbishi L200 when it goes on sale late in 2009. It is, but not for long. This thinly veiled concept, called simply Pickup Concept, has been designed as a search and rescue vehicle for coastguards but essentially this is what badge-conscious UK builders will be driving in 2009. The new Volkswagen corporate face with its monobrow top grille and wide mouth is likely to be carried over mostly unchanged to the cars that will roll off the South African production line, as will the surprisingly stylish interior which features hooded instruments and Audi TT-style air vents. Mechanical details are sketchy but Volkswagen claims that engines will be common-rail diesels which rules out the old-tech 2.5 five pot that powers many of VW’s current commercials.