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Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.

How to drive yourself to the World Cup

It's no secret that Americans will make up the largest contingent of visitors to South Africa for the World Cup 2010 soccer tournament. The vuvuzelas (plastic trumpets played by fans) are getting louder by the day. Knowing how most of us think about trips to Africa, it's very likely that many of us will be doing more than just watching men kick a football about.

Nissan GT-R to be revised for Europe

By Tim Pollard Motor Industry 01 May 2008 18:14 Nissan is fettling its GT-R before it goes on sale in the UK in April 2009. It might have just announced a new lap record at the Nurburgring – chief test driver Tochio Suzuki shaved nine seconds off the GT-R's previous record of 7min 38 – but Nissan's engineers are already working on upgrades to the everyman's supercar.Chief vehicle engineer Kazutoshi Mizuno told CAR Online that the GT-R models bound for the American market would benefit from a range of small tweaks, including three harder engine mounts and a stiffer transaxle mount to stop the mechancial parts from moving under extreme cornering. It's detail like this that enabled the new 7min 29sec...Nissan GT-R: detail changes'The new mounts make the car feel more together in extreme circumstances,' he said.