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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.

MINI Rocketman could be heading for production – if BMW can find a chassis

The ‘Mini’ MINI Rocketman (pictured) could go in to production The MINI Rocketman Concept was revealed at the Geneva Motor Show in 2011 as a smaller MINI than the one BMW were selling at the time, and it looked like BMW were considering going the smaller route to make the MINI more fun. But with the 2014 MINI now revealed, BMW has gone the opposite route by underpinning the new MINI with the UKL platform that will also underpin the next BMW 1 Series, and made the latest MINI even bigger than the last one. But it seems BMW still see mileage in a ‘Mini MINI’ and appear keen to find a way to make the Rocketman a production reality.

Ford posts rare increase as industry gains from clunkers

Ford Motor Co. posted its first U.S. sales increase in 19 months in July and most rivals pared their declines as the federal cash-for-clunkers incentive helped lift industry demand to its highest rate this year.