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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.

Saab 9-5 (2010) Leaked

The stylish 2010 Saab 9-5 - leaked official pictures The new Saab 9-5 is a handsome looking car – very ‘Saab’. Based on a sorted version of GM’s Epsilon II platform (despite the Koenigsegg move GM at the core will be the deal for some time to come), it offers good cabin space and a decent sized boot. But it looks different from the crowd – a huge plus.

Toyota Verso is the first Toyota to get a BMW engine

The Toyota Verso (pictured) gets the option of a 1.6 litre BMW diesel engine from 2014 Two years ago we reported that BMW would be supplying Toyota with diesel engines in Europe from 2014, And bang on time (as you’d expect from the Germans and Japanese) the first Toyota with a BMW engine has been revealed. The Toyota Verso 1.6 D-4D goes in to production in January at Toyota’s plant in Turkey complete with a 1.6 litre diesel engine from BMW that comes with 111bhp and 199lb/ft of torque. It’s not the sort of BMW diesel that’s going to see the Verso turn in to a hot MPV, but it does give the Verso emissions of 119g/km and allow Toyota to offer an engine that appeals to frugal minded, diesel-centric European buyers.