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Dealers repairing Chrysler V6 engines

Chrysler Group dealers are replacing malfunctioning cylinder heads on a small percentage of 3.6-liter Pentastar V6 engines. And a recent shortage of replacement heads means some customers have been without their vehicles for weeks, some dealers say. Chrysler is paying for their rental cars.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Lexus LF-CC concept car (2012) first official pictures

It’s taken some time, but Lexus lovers will be delighted to learn of the new slender LF-CC concept unveiled at the Paris motor show this week, which looks set to replace the current IS range. The LF-CC concept sports a sleek coupe-style body, suggesting its latest family saloon could be a real head-turner. For the first time ever, the IS will be available with the all-new 2.5-litre full hybrid engine, which is soon to be fully incorporated into the Lexus model range.