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Chrysler first-quarter profits down

Chrysler Group said net income fell to $166 million in the first quarter as costs of two large product launches crimped the automaker's seventh consecutive quarterly profit. Profit fell 65 percent from the $473 million posted during the same quarter of 2012, Chrysler said in a statement today. First-quarter revenues dropped 6 percent to $15.4 billion.

VW Passat Bluemotion 2 (2008) unveiled

By Ben Whitworth First Official Pictures 03 November 2008 10:50 Volkswagen has opened up its order books on its new Passat Bluemotion 2, it’s cleanest and greenest Passat yet. Replacing the current Bluemotion model, the Mk2 Bluemotion is powered by a 110bhp 2.0-litre common rail diesel that’s been recalibrated with a lower idle rate and fitted with a switchable start/stop system to cut emissions and boost economy. When it arrives here in January, the Passat will post a combined economy figure of 57.6mpg and a CO2 rating of 128 g/km - useful savings compared to the outgoing 1.9-litre 105bhp BlueMotion model (55.4mpg and 136 g/km).

Koenigsegg at Geneva Motor Show: Koenigsegg Agera +video

The Koenigsegg Agera hits the floor at Geneva We managed to uncover information on the Koenigsegg Agera early on, following on from the chat we had with Koenigsegg when they told us they would be bringing ‘Something New’ to the Geneva Motor Show. And I think we were a bit ungracious. Maybe it was disappointment that theAgera wasn’t perhaps as radical as we hoped from a new Koenigsegg, or it could just have been a long day.