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Scion FR-S concept

Another day, another variation on the fabled Toyota FT-86. Following on from the FT-86 II at Geneva and the re-emergence of the original version at the Seoul Auto Show, New York played host to the Scion FR-S concept. Unsurprisingly, the FR-S boasts the same front-engine, rear-wheel drive sports car demeanor - hence the name - but differs visually from the other variations from the long awaited Toyota.

Chrysler to axe a quarter of its staff

Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.

2014 Chevrolet Volt gets a $5,000 price cut

General Motors is cutting the Chevrolet Volt's price by $5,000 amid price pressure from rival electrified vehicles. The sticker price on the 2014 Volt, which will arrive at dealerships this month, will be $34,995, including an $810 destination fee. That drops the effective price to $27,495, after applying the $7,500 federal tax credit for the plug-in hybrid.