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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.

Kia Proceed GT (2013) first sketch of Kia's sporty hatch

Here's Kia's answer to Volkswagen's Golf GTi and Ford's Focus ST - the Proceed GT. It's a hot hatch with a 200bhp 1.6-litre petrol engine, and will cost just over £20,000. Look out for its reveal at the 2013 Geneva motor show, with sales starting in summer 2013.

Could the McLaren P13 get a Honda engine?

The McLaren P13 is due to arrive in 2015 and we’re expecting it to get a de-tuned version of the 3.8 litre V8 already found in the 12C (pictured above) and P1, and be priced to take on the almost empty sector (in terms of price) the Porsche 911 Turbo occupies - somewhere around £125k. It’s a sensible plan to fill a potentially lucrative sector of the supercar market with a mid-engined, rear wheel drive ‘baby’ supercar with performance of around 3.8 seconds to 60mph and stunning handling. It should give the 911 Turbo a run for its money.