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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Peugeot confirms Dakar rally motorsport return for 2015

Carlos Sainz (left) and Cyril Despres, the drivers lined up for Peugeot Sport's 2015 Dakar effort By Ollie Kew First Official Pictures 26 March 2014 14:00 Peugeot has announced today it will enter the 2015 Dakar rally. It brings to an end a 25-year absence from the off-road endurance race for Peugeot, which it won four times (1987, 1988 1989 and 1990). Peugeot will enter a rally raid-spec 2008 crossover (called the 2008 DKR) in the 16-day event, which runs over 16 days, beginning on January 5, and cover a distance of 5281 miles.

Ferrari HY-KERS hybrid (2010) at Geneva motor show

By Tim Pollard First Official Pictures 02 March 2010 08:36 Ferrari today showcased its latest green fuel tech in a new 599 GTB Fiorano concept car dubbed HY-KERS. Maranello announced a five-year eco plan in 2007 when it unveiled the Mille Chili and the HY-KERS is the latest step in the programme. It's a high-performance supercar to display how frugal consumption and razor-sharp responses can go hand in hand, say the Ferrari engineers.Ferrari HY-KERS: the detail The 599 is equipped with a hybrid system claimed to add little extra weight over a conventional V12 599.