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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.

Official 2014 BMW 4-series convertible photo gallery

Feast your eyes on the new 2014 BMW 4-series convertible: The newest drop-top BMW looks, well, a lot like you'd expect a hardtop convertible version of the company's new 4-series coupe to look. Mimicking the rest of the 4-series lineup, the 2014 4-series convertible will be offered in I-4 428i and straight-six 435i versions, each with a standard 8-speed automatic. Only the 428i will be available with BMW's xDrive AWD system at launch, however -- RWD is standard on both trim levels.

‘GEN Y 2012 – Express Yourself’ contest launched

Liberty Electric Cars has launched a competition for design students calling for ideas for a revolutionary ‘Car of the Year' 2020. The company, which specializes in electric vehicle (EV) drivetrain technologies for multiple vehicle platforms, has asked for students to create a revolutionary electric vehicle for its ‘GEN Y 2012 – Express Yourself' contest. The design must be targeted for Generation Y (between 18 and 29 years old), with the brief stating that the vehicle "should be iconic in shape and allow the user to express their own personality." The vehicle should also "become a fashion item, fun to drive and should use innovative technologies and materials that can be easily configured according to the driver's requirements." The contest is open for students enrolled in a college or university-level design program, either in transportation, product or fashion design, engineering or architecture.