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General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

VW Phaeton - the new one coming in 2015

A brand new Volkswagen Phaeton Mk2 will be launched in 2015, based on a new architecture being masterminded by cousins Audi. Dubbed VW631, the new VW Phaeton will be based on MLM Evo (modular longitudinal matrix) which makes provision for a plug-in hybrid option, an aluminium-intensive body structure and a much more advanced and less nose-heavy dynamic layout. Although VW chairman Martin Winterkorn has in the past black-flagged the Avantissimo (A8-based) and the Passat Variant Plus (A6-derived), there is still a lot to be said for a second more practical bodystyle in addition to the four-door notch which is almost compulsory in this segment.

Jeep Grand Cherokee SRT8 gets Ferrari treatment for Formula One team

Two 2012 Jeep Grand Cherokee SRT8s made an appearance in Italy on Thursday as the keys were handed over to Formula One drivers Felipe Massa and Fernando Alonso. That's just another perk of working for a company that owns both Ferrari and Chrysler. The Jeeps are painted in Rosso Corsa, which translates to Racing Red, Ferrari's signature color.