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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.

Abarth 500C EsseEsse & Punto Evo EsseEsse at Paris

The Abarth 500c EsseEsse arrives at Paris Abarth do a very good job of warming up the odd Fiat or two (well, they have been doing it for quite a long time), the most recent offerings being the Abarth 500C and the Abarth Punto Evo which we saw when we trollied off to Goodwood in July. But there is a second flavour of Abarth. Best to think of it as the ‘Chilli’ Abarth; Abarth call it EsseEsse.

Ford, GM post biggest drops, industry sales slump continues

Ford Motor Co. and General Motors posted the sharpest sales declines among major automakers as the industry headed toward its sixth straight monthly drop of more than 30 percent. Ford's March sales fell 42.1 percent and GM's were down 44.7 percent, for its fifth decline of more than 40 percent in the past six months.