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Chrysler is set to invest $500 million in Toledo Jeep assembly plant

Chrysler Group plans to invest $500 million in its Toledo North Assembly Plant and hire a second shift of workers over the next year to build a new Fiat-based SUV for Jeep, as well as other vehicles. "This plant has been chosen to build the future Jeep SUV to replace the current Jeep Liberty that will be exported to markets all over the world," CEO Sergio Marchionne said at the plant Wednesday. "Jeep is at the heart of our plans to internationalize Chrysler, a process which is being accelerated by Chrysler's access to Fiat's distribution capabilities in Europe and Latin America." Toledo North is Chrysler's only assembly plant with only one shift of workers.

Design Essay: Are smart roads just around the corner?

In order to remain relevant, the car must constantly evolve. But while almost all attention focuses on four wheels, the roads that facilitate an automobile's progress have remained relatively unaltered since Eisenhower formed the National Highway system in the 1950s. With environmental concerns getting ever higher on the agenda, there is an opportunity to think outside the (metal) box and rethink the road, making it as smart as the vehicles and devices that travel upon it.

Whitacre says GM is making progress, could be profitable in 2010

General Motors Co. could be profitable later in 2010 if it can continue sales momentum and economic conditions even out, CEO Ed Whitacre said on Wednesday. “Certainly we're aimed at profitability as quickly as we can get there,” he said.