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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.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Alfa Romeo Giulietta (2010) first official pictures: it's the new 147

Alfa has revived an historic badge for its all-new 147 replacement, seen here in these first official pictures issued today. Following a last-minute decision to ditch the name Milano – precipitated by angry Milanese workers irritated at Alfa naming the car after the town despite having shifted operations to Turin – the Golf fighter will be called Giulietta. Using a new platform that will underpin the next Fiat Brava, the Giulietta uses a mix of steel and aluminium clothed in bodywork that borrows cues from the 8C supercar – sort of – including sweptback headlights and a narrow glasshouse.