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Fiat wants a crossover to compete against the Volkswagen Golf

Fiat has decided it won't launch a new conventional hatchback to rival the Volkswagen Golf, Europe's best-selling car. Instead, Fiat CEO Sergio Marchionne wants the Italian automaker to replace its slow-selling Bravo compact hatchback with an all-new high-roof crossover inspired by the hot-selling Nissan Qashqai. Marchionne first hinted at Fiat's plan to make the bold product move at the Detroit auto show in January.

New 2014 VW Golf R gets 296bhp – first photos

The 2014 Volkswagen Golf R (pictured) revealed ahead of its Frankfurt debut We had expected the new Volkswagen Golf R to debut at Geneva this year, but that debut turned out to be the rather disappointing Mk 6 VW Golf R Cabrio, that not only sacrificed 4WD but came at a silly price (which VW subsequently dropped by more than £5k). But this time there’s no mistake, and the 2014 version of the VW Golf R – complete with 4WD, we’re pleased to say -will arrive next month at the Frankfurt Motor Show before going on sale in early 2014. Under the bonnet the 2.0 litre petrol turbo delivers a healthy 296bhp (300PS) and 280lb/ft of torque which is sent to all four wheels through VW’s latest Haldex 4Motion 4WD, with the ability to decouple the back axle drive under low load conditions and send almost all the power to the back wheels too when demanded.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.