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Official 2014 BMW 4-series convertible photo gallery

Feast your eyes on the new 2014 BMW 4-series convertible: The newest drop-top BMW looks, well, a lot like you'd expect a hardtop convertible version of the company's new 4-series coupe to look. Mimicking the rest of the 4-series lineup, the 2014 4-series convertible will be offered in I-4 428i and straight-six 435i versions, each with a standard 8-speed automatic. Only the 428i will be available with BMW's xDrive AWD system at launch, however -- RWD is standard on both trim levels.

Ford racks up $2.6 billion profit

Ford Motor Co. reported a second-quarter profit of $2.6 billion as U.S. sales rose 20 percent and the automaker continued to gain market share.

Chrysler recalls Jeeps for fire risk

Chrysler has decided to recall 2.7 million 1993 to 2004 Jeep Grand Cherokee and 2002 to 2007 Liberty models for a potential risk relating to the fuel tank placement between the rear bumper and rear axle. The recall is initiated 15 days after the automaker originally denied a request following a National Highway Traffic Safety Administration investigation. On June 4, one day after NHTSA's finding, Chrysler rejected the request in a media statement, stating the NHTSA's initial conclusions are based on “incomplete analysis of the underlying data.” Chrysler said the impacted models met or exceeded all applicable requirements of the Federal Motor Vehicle Safety Standards, including the ones pertaining to fuel system integrity.