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Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.

Jury selects South Korean team as winners of Michelin Challenge Design 2015

Michelin has today announced the top 15 projects in its global 2015 Michelin Challenge Design competition. The Volkswagen Viento project by the South Korean team of Youngjai Jun and Gunyoung Yoon was judged to be the best, and awarded first place by a jury of the world's top automotive designers. The French trio of Aurelien Deleuze, Pierre-Hugues Vallin and Robinson Mancaux we given the runners-up spot with their project, Silent Interactive Climber, while Cristian Polanco of Guatemala came third with his work, the Bugatti Liriom.

JLR to build Range Rover Evoque & Jaguar XJ in India

The 2014 Range Rover Evoque (pictured) joins the Jaguar XJ as new Indian-built cars Jaguar Land Rover already bolt together the Land Rover Freelander and Jaguar XF in India, which explains why they are the best-selling models in JLR’s range in India. That’s because import duties for cars in India can be as much as 170 per cent, so building cars locally make them much more competitively priced. At the Delhi Auto Expo Ralph Speth, JLR’s CEO, confirmed plans to start building the Jaguar XJ in India (including the XJ with the 2.0 litre EcoBoost engine), despite the complexity of producing as complex a car as the XJ outside the UK.