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Chrysler to begin building the next Jeep Grand Cherokee in May

Chrysler Group will begin building the 2011 Jeep Grand Cherokee--the first salvo in an effort to restore a product-starved lineup--on May 3, CEO Sergio Marchionne said Tuesday. Marchionne told an industry conference in New York that sales of the redesigned Grand Cherokee will begin in July. Chrysler plans to have 100 percent of its existing lineup refreshed or replaced by the end of 2012, as a wave of new products derived from the alliance with Fiat S.p.A.

Rare early Jaguar E-Type sells for £88,000

ONE OF THE MOST RARE Jaguar E-Types, and one of the first to be built in the 1960s sold has at auction for more than £88,000. An anonymous British buyer from the south of England bought the iconic sports car at an auction in Ascot, Berkshire. The hammer fell at £77,000, but with a buyer's premium the final bill was £88,040, a spokesman for Coys the auctioneers said.

No sign of global auto meltdown at Tokyo Auto Salon

With more than 600 cars on display and a record number of exhibitors, nothing at the 2009 Tokyo Auto Salon tuner show hinted at the global economic downturn. As always, there was a great mix of styles, from hard-core, 1,000-hp, supertuned machinery to weird customized scooter tricycles. Auto manufacturers tried hard to capture the minds--if not the wallets--of the younger-than-30 crowd with customized versions of production cars, while tuners were busy persuading power junkies to choose them for their next engine modification.