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Chrysler CEO vows never to repeat mistakes from Cherokee launch

Chrysler Group CEO Sergio Marchionne acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. "What we've learned is that we'll never repeat it. We're never going to take a plant down and be out of the market for over a year," Marchionne told analysts in a conference call today.

Jaguar XJ preview (Video)

Ian Callum stars in this video to the left - a preview of the forthcoming Jaguar XJ set to make its debut on July 9th this year. In his words: "The car is very modern, and it certainly meets up the expectations of people who understand design with a capital D, I have no doubt about that whatsoever." Callum goes on to describe the new XJ as a "very well crafted car," stating that it is "also a very designer led car". He asserts that the lines of the car have been reinterpreted in a different way "that actually is right and correct for the 21st century.

State of Ferrari: Supercar maker evolves, strives for exclusivity in consumer age

Ferrari means a great deal to a great many, but there are some things it is not--and will never be, says chairman Luca di Montezemolo. That means no full electric cars, four-doors and even fewer Ferraris. All of this is meant to preserve equity in the famous Ferrari brand, believed to be one of the most valuable in the world in any segment of consumer products.