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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.

2013 Peugeot 208 GTi Limited Edition

Peugeot are producing a limited run of 29 special 208 GTi models to kick off sales of the new GTi – price £20,495. It’s hard to believe, but this week’s Paris Motor Show is actually the public debut of the production version of the new Peugeot 208GTi, following the actual 208 GTi reveal earlier this month Based on the 208 GTi Concept we saw at Geneva in the spring, the 2013 GTi is a car Peugeot hopes will cast a performance glow across the rest of the 208 range, just as the 205 GTi did in years gone by. To kick off sales of the new 208 GTi, Peugeot has revealed a Limited Edition version – catchily branded the 208 GTi Limited Edition – which will be available to buyers ahead of the first regular GTis.

Alfa Romeo plans 'affordable' halo car

Alfa Romeo plans to build a rear-engine, rear-wheel-drive coupe that would become the brand's halo car. Fiat's struggling sporty brand aims to complete a concept car for the innovative lightweight coupe for a planned Geneva auto show debut next month. The concept is set to be built as the 4C GTA and go on sale for about $55,000 (40,000 euros).