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New Subaru WRX revealed: Los Angeles Auto Show

New Subaru WRX revealed in LA The new Subaru WRX – the one that may or may not come to the UK – has been revealed today at the Los Angeles Auto Show. The WRX gets a new structure – and a four door saloon shape only – with a stiffer chassis, new electronic power steering and a new engine. The new engine in the WRX is a tweaked and fettled version of the 2.0 litre boxer engine from the Subaru Forseter, but in the WRX it gets 268bhp and 258lb/ft of torque, channelled through Subaru’s Symmetrical All-Wheel Drive system to all four wheels, and enough to hit 60mph in 5.4 seconds The new WRX gets a choice of a manual ‘box with permanent 4WD whilst the WRX with the optional CVT box comes with a transfer clutch to move torque between axles.

Jeep Grand Cherokee's 2013 model year will be short

The Jeep Grand Cherokee will have a shortened 2013 model year so that in January the Chrysler Group can introduce a diesel engine and eight-speed automatic transmission for the 2014 model, internal Chrysler sources say. Dealer orders for 2013 Grand Cherokees began this month. The 2013 model, which will begin production in August, will continue with the five-speed automatic that the Grand Cherokee has had since mid-2010.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.