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Chrysler posts first net profit since bankruptcy

Chrysler Group--the U.S. automaker that has survived two ownership changes and a U.S. bailout in the past four years--on Monday reported its first net profit since emerging from bankruptcy in June 2009.

Interior Motives Europe Conference 2008

Interior Motives magazine hosted its fourth annual design conference at the Santo Stefano Hotel in Turin, Italy - the official World Design Capital 2008 - from June 17 to 19 this year. A melting pot for innovative ideas, the conference featured enlightening presentations from some of the world's leading designers, all revolving around the theme 'Intelligent Design for Tomorrow's World'. Held over the course of two days, the conference began with a session entitled ‘Redefining Luxury' chaired by CEO and Managing Director of Torino Design, Roberto Piatti.

The next F1: McLaren plans replacement for supercar

Formula One powerhouse McLaren secretly has begun work on a replacement for its legendary F1 supercar, while it also gears up to become a mainstream sports-car maker. McLaren's Technology Center in Woking, England, has built some 2,000 McLaren SLR supercars a year for Mercedes-Benz, but McLaren boss Ron Dennis reportedly has his sights set on producing 1,000 of its upcoming Ferrari F430-fighting P11s a year starting in 2011. The number, Dennis said, will rise to 4,000 cars by mid-decade as future models such as the Porsche 911-challenging P8 come on line.