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Chrysler in crisis

By Liz Turner, in the US Motor Industry 02 March 2007 04:28 The trouble with Chrysler: the background In 1996 when Chrysler opened its $1.1bn headquarters in Auburn Hills, 30 miles north of Detroit, executives joked that if things didn’t work out, they could always sell it as a shopping mall. Following DaimlerChrysler’s annual press conference on 14 February, local realtors are, no doubt, sneaking in to take measurements. Chrysler Group announced a staggering operating loss of $1.5 billion for 2006, and in the subsequent question time, DaimlerChrysler’s CEO Dieter Zetsche said the company ‘will examine far-reaching strategic options with partners’.

Porsche reveals extreme 911 GT2 RS

WITH VIDEO-- Porsche has revealed its most powerful and arguably most extreme road-going 911 to date: the GT2 RS. The new rear-wheel-drive road rocket will debut publicly at the Moscow auto show in late August and will go on sale in the United States in October. Sticker price: $245,000.

Land Rover OKs LRX-based small SUV for Range Rover

Land Rover will put its striking LRX concept car, first displayed at the 2008 Detroit auto show, into production with the help of a $37.1 million grant from the British government. But in a move suggesting it will be pitched further upmarket than originally intended--against four-wheel-drive rivals such as the Audi Q5, the BMW X5 and the Mercedes-Benz GLK--the LRX will reach showrooms wearing Range Rover badges. "Internal studies have shown that if we deliver the LRX to market, it would be best suited to the Range Rover brand," Land Rover boss Phil Popham said.