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Chrysler is set to invest $500 million in Toledo Jeep assembly plant

Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.

Tesla Model S turns in to Jaguar XF

Jaguar XF - or is it a Tesla? Tesla seem convinced – or at least they’re doing all they can to convince the public – that the Tesla Model S is a soon to be reality, despite all in the industry saying they can’t deliver what they are offering – a high-end, luxury, high-spec sports saloon with a 300 mile range – for the sort of money they claim. That money – as we learned recently – is to be $69,500 for the Tesla S with the 300 mile battery, a price that’s had many scratching their heads over how Tesla can stick enough laptop batteries in the Model S to go that far, and how they can do it at a price that’s a good thirty per cent less than the ‘Lotus-with-batteries’ Tesla Roadster.

Ferrari posts huge profits - by building fewer cars

AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.