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Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

Toyota Prius: Battery bottleneck limits Prius Output

Battery bottlenecks are hurting efforts to boost output of the Toyota Prius to meet booming demand, and the problem will likely persist into next year, a Toyota official says. "The new Prius model has been excessively popular, inconveniencing some of our customers, and the factories are working overtime at full capacity," Takahiko Ijichi, Toyota senior managing director, said Tuesday at the company's quarterly earnings announcement. "Unfortunately, the batteries are not catching up with demand.

British Motor Show first details

By Ben Whitworth Motor Shows 17 December 2007 10:30 It may be a long way off on your automotive calendar, but next year’s 2008 British Motor Show looks set to be the biggest yet, with organisers expecting ticket sales to top the 550,000 mark. Housed at ExCeL London in the Docklands between 23 July - 3 August 2008, the show will feature more than 60 vehicle marques and 600 cars – including the global debut for the new Vauxhall Insignia and a preview of the new four-seater Lotus Project Eagle (mule for next-gen Eagle/Esprit chassis testing above). Although it’s still some eight months distant, over 80 percent of the stand space has already been sold, and the exhibition will also include the following attractions: • The Heritage Enclosure and Parade – a driving display providing the sights, sounds and thrills of supercars from the last five decades • Drift School – a chance for visitors to be driven sideways around a circuit by professional drivers • The Marine Experience – the British Marine Federation will display a line-up of luxury water craft as well as a programme of on-water entertainment • The Autoglym Supercar Paddock, a high-octane collection of luxury marques • The 4x4 Experience, a challenging terrain for testing the best of the off-road pack • Motor Theatre, a live-action stunt show Tickets to the Show will be on sale from February, with prices starting at just £8.