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Who's Where: Ken Okuyama parts company with Pininfarina

Pininfarina, the Turin, Italy-based automotive styling house, has announced that its design director, Ken Okuyama, has left the company. In a tersely-worded statement Pininfarina said, "The Company's decision comes as a result of the various external activities Ken Okuyama was carrying out beyond his responsibilities within Pininfarina." Ken Okuyama had been Design Director at Pininfarina since July 2005. During this time, Okuyama's most high-profile work was the Maserati Birdcage prototype, created to celebrate 75th anniversary of the Italian styling house.

Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.

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.