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Toyota GT86 Convertible spied in South Africa

Ahead of a reveal of a concept version of the Toyota GT86 Convertible at the Geneva Motor Show, the soft-top GT86 has been spied Almost a year ago we learned that a Toyota GT86 Convertible was in the planning after Toyota’s chief engineer, Tetsuya Tada, revealed that the GT86 (and therefore the Scion FR-S and Subaru BRZ) were designed to be a convertible from the start. Shortly after that revelation, we saw the first glimpse of a future GT86 Convertible in the shape of the Scion FR-S Speedster at the Toyota Grand Prix of Long Beach, an officially sanctioned speedster version of the GT86 created by Iacona Design and Cartel Customs. Most recently, Toyota revealed that they are taking the  the FT-86 Open Concept to next month’s Geneva Motor Show, a car that looks to preview an almost production-ready GT86 Convertible, which could arrive in production guise before the end of 2013.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.

Chrysler offers up to $6,000 in incentives on some cars

If consumers can overcome the connotations that ride shotgun with buying a new car from an automaker in bankruptcy, there are some deals to be had on Chrysler vehicles. The company said Wednesday that it will offer up to $6,000 in incentives on some of its new cars in May in the wake of a 48 percent sales drop in April. The incentives run through June 1.