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Chrysler vows to rebuild SRT

Ralph Gilles promises that Chrysler Group will be "very choosy" about the cars and trucks that get the SRT performance badge. Gilles, recently named head of SRT, is charged with rebuilding the SRT unit, which languished when Chrysler was owned by Cerberus Capital Management. Three new SRT vehicles, versions of the Dodge Charger and Chrysler 300 sedans and the Jeep Grand Cherokee, will arrive in dealerships this fall, joining the Challenger SRT8.

Jaguar C-X16 concept (2011) the first official sketch of Jag's F-type

This is Jaguar’s new sub-XK sports car. As we revealed back in 2009, Jaguar is working on an all-new small sports car, nicknamed the XE, to compete with Porsche’s best – and this is it. This official design sketch teases the concept car (dubbed C-X16, the hybrid supercar concept is C-X75) that will appear at the 2011 Frankfurt motor show in September.

McLaren MP4-12C to start at about $230,000

The McLaren MP4-12C sports car will have a sticker price of between $230,000 and $250,000 when it goes on sale in the United States about a year from now. McLaren said on Wednesday that the sports car will be priced at 168,500 pounds (about $265,800) in the United Kingdom and at 200,000 euros (about $267,200) in Europe when it goes on sale in that region in early 2011. A final price for the U.S.