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Jeep Grand Cherokee's 2013 model year will be short

The Jeep Grand Cherokee will have a shortened 2013 model year so that in January the Chrysler Group can introduce a diesel engine and eight-speed automatic transmission for the 2014 model, internal Chrysler sources say. Dealer orders for 2013 Grand Cherokees began this month. The 2013 model, which will begin production in August, will continue with the five-speed automatic that the Grand Cherokee has had since mid-2010.

Time-capsule DeLorean with only 309 miles emerges

We see time-capsule cars on a pretty regular basis, but they seldom happen to be proper time-travel cars as well. Of course we're talking about the DeLorean DMC-12, an automobile whose several thousand examples were believed to be largely accounted for. So imagine our surprise when we heard about a DeLorean recently found in a storage bay with delivery mileage on the clock and a mild layer of dust on its stainless-steel body.

Spyker warns that Saab's future is 'uncertain' without fresh funds

Spyker Cars NV, the Dutch parent of Saab, said the Swedish automaker's financial situation is worsening and warned that Saab's future is at risk without additional financing. In its annual report released today, Spyker said the company's "continuity" could become uncertain unless it secures extra funds to finance ongoing operations and the execution of its business plan. Earlier this week, Saab was forced to shut down production for short intervals after key suppliers halted parts deliveries for non-payment.