Five Camaro Concepts, Chrysler Scrapping Overseas Sales: Today’s Car News

November 3, 2009

Chevrolet is presenting five new concept cars based on the 2010 Camaro at this week’s 2009 SEMA Auto Show. The first of the concepts, a special twin-turbocharged V-6 Camaro built for comedian Jay Leno, was revealed today. [Motor Authority]

The CEO of Fiat and Chrysler, Sergio Marchionne, will present his new five year plan for the combined companies this Thursday but already some of the details are starting to leak. The latest news is that Chrysler may be scrapping all of its brands outside North America except for Jeep. [Reuters]

Toyota has been cleared of accusations that its floor mats were causing its vehicles to accelerate uncontrollably. The National Highway Traffic Safety Administration has found no evidence of mechanical causes of unintended acceleration in Toyota vehicles. [Detroit Free Press]

The Ford Cobra Jet Mustang is back for the 2010 model year and the new car has been put on display at this week’s SEMA event. The custom drag package will be produced in a limited run of just 50 cars, all of which have already been sold. [Motor Trend]

Ferrari has caught the hybrid bug but plans to take things a step further by combining it with a new four-wheel drive system. Dubbed ‘Insertable 4x4’, Ferrari’s new drivetrain technology isn’t about saving fuel but rather improving handling. [Autocar]

Nissan could be the first major automaker to launch a rival to the world’s cheapest car, the Tata Nano. The automaker will reportedly launch a new small car platform in emerging markets like Thailand, India, and China starting in March next year. [Drive]

Jaguar’s XJ220 may be revived according to a new report coming out of the UK. Set to debut in concept form within the next 18 months, the new Jaguar supercar will be a strict two-seater and feature a mid-mounted supercharged V-8 engine with more than 500 horsepower. [AutoExpress]

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