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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.

Chevrolet Corvette Z06 (2014) first teaser picture

By Ben Pulman First Official Pictures 05 December 2013 11:00 Coincidence? On the same day that Ford has revealed the new Mustang, Chevrolet has announced a new Corvette in a cheeky bid by one iconic American sports car to deflect attention away from another. Unlike the Mustang it’s not an all-new model, but instead a harder, faster, more track-focused variant of the Corvette, the new Z06.

U.K. firm plans modern Jensen Interceptor

CPP, a British specialist automotive group co-owned by Russian businessman Vladimir Antonov, said it will build a modern version of the iconic Jensen Interceptor grand tourer, starting in 2014. Healey Sports Cars Switzerland, which owns the Jensen brand, has appointed CPP to engineer, develop and build the car, CPP said on Tuesday. CPP will build the Interceptor in a new factory on the site of the former Jaguar Browns Lane plant in Coventry, England.