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Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.

Chevrolet at Geneva

By Guy Bird Motor Shows 10 March 2008 11:31 What’s new on Chevrolet’s Geneva Motor Show stand? There were more exciting show stands at Geneva but Chevy did muster up a small – in every sense – global unveil in the shape of the three-door Aveo supermini (the five-door was unveiled last autumn at the 2007 Frankfurt show). The smart-ish new exterior – all big grille and wraparound front lights – is a big improvement on the mundane Kalos it replaces but still a bit of a let down.

Mitsubishi weighs a 'different direction' for the Lancer Evolution

The current generation of Mitsubishi Motors Corp.'s Lancer Evolution high-performance sedan appears be its last as the automaker works to refashion itself as a leader in electrified vehicles. Mitsubishi is considering a "different direction" for its rally-inspired, all-wheel-drive sport sedan as it prepares to launch eight electric or plug-in hybrid vehicles globally by 2015. The plan is fueled in part by a need to meet tougher global fuel economy and emissions regulations.