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Chrysler posts $212 million quarterly profit

Chrysler Group on Thursday reported third quarter net income of $212 million, up from a net loss of $84 million a year earlier. Revenue rose 19 percent to $13.1 billion. The company ended the quarter with $9.5 billion in cash, down from $10.2 billion at the end of the second quarter.

Ford salutes Carroll Shelby with 850-hp GT500 Cobra

The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.

Chevy Cruze Diesel: As torquey as a classic Camaro?

From the Department Of Silly Press Releases comes this missive from deep within the bowels of the Renaissance Center, Junior Wool-Pulling Division, located next to the Quizno's. "Cruze Clean Turbo Diesel Delivers Classic Muscle Car Torque," it reads, and while torque is the Great Equalizer of the continued championing of the diesel engine, comparing it to the sturm und drang of launching a 1972 Camaro Z28 from the parking lot of the Hendersonville, Tenn., Shoney's is tantamount to the sort of blasphemy that gets people excommunicated. For the record, the Chevrolet Cruze Diesel's 2.0-liter turbodiesel engine produces 264 lb-ft of torque, more than the Volkswagen Jetta TDI's at 236 lb-ft.