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Chrysler investigated after collapse of Getrag deal

The state of Indiana is investigating Chrysler LLC for securities fraud over the collapse of a joint venture with Getrag Transmission LLC. Jim Gavin, a spokesman for Secretary of State Todd Rokita, today confirmed a Kokomo Tribune report that said the investigation began two weeks ago. "There have been no complaints or allegations made," the paper quoted Rokita saying in a speech Tuesday.

2015 Nissan GT-R Nismo priced at $151,585

The 2015 Nissan GT-R Nismo -- which made its debut at the Geneva motor show -- will carry an eye-watering base price of $151,585 when it goes on sale at the end of July. The Nismo is the halo model among halo models, featuring nearly every performance part the company has to offer. Nissan priced the lower-spec Premium, Black and Track versions of the GT-R back in January.

Drayson Racing and RCA launch EV racing car contest

Drayson Racing has launched a contest with the Royal College of Art's Vehicle Design program to design electric racing car concepts for the FIA's new Formula E series, which is set to start in 2014. The RCA's students are asked to present designs that explore new themes within the technical constraints as part of this course's curriculum. The previous Drayson Formula E concept was developed by Sergio Rinland who will be part of a series of workshops and lectures on aerodynamics, engineering packaging, production engineering and materials, giving students the technical knowledge to develop their designs.