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Press leaving Chrysler, report says

Chrysler Group Deputy CEO Jim Press is planning to leave the company before the end of the year, according to a report Friday by The Wall Street Journal, citing unnamed sources. Press, 62, is expected to leave before December, one of the newspaper's sources said. Chrysler spokesman Gualberto Ranieri declined to comment on the paper's report.

Volvo tuner Polestar reveals production S60 and V60 models

It's not every day that we can tell you about a performance-tuned station wagon that is actually coming to the U.S., but today is one of those rare days. Volvo racing and aftermarket tuning specialist Polestar has revealed details of their production versions of the V60 wagon and the S60 sedan, which are bound for the U.S. The S60 and V60's 3.0-liter T6 engine has been tuned to produce 350 hp and 369 lb-ft of torque, which is said to give it a 0 to 62 mph time of 4.9 seconds, on the way to an electronically limited top speed of 155 mph.

Jaguar XE (2014): spec, information teased on Jag's baby

Jaguar has started what is sure to be a long, sustained dripfeed of information on its new XE compact exec saloon ahead of a planned debut on 8 September 2014. Today's announcement reveals some of the engineering secrets of the Jaguar XE and is designed to whet the appetites of those premium car buyers ready for a change from their 3-series, A4s and C-classes. The Jag XE borrows suspension from elsewhere in the family, the company confirmed today.