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Tue, 26 Jul 2011
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.
Mon, 25 Jul 2011
Infiniti and Red Bull could go into business together developing go-faster performance cars, Nissan CEO Carlos Ghosn has confirmed to CAR. The new August 2011 issue of CAR Magazine has a four-page interview with Ghosn (click here for a free digital preview) and we asked him if we will see a Red Bull-fettled Infiniti sports car. 'Why not?,' he replied. 'I don’t think we can bank on it today, but when Nissan people and Red Bull people come together and ask what can we do better, what can we do more of, if something like this makes sense, then why not?
Fri, 06 May 2011
Jaguar has announced that the C-X75 concept car from the 2010 Paris Motor show will enter limited production. Strictly limited to just 250 units, the hybrid super car is tipped to cost from £700,000 (depending on local taxes). The C-X75 will utilize a turbocharged 1.6-liter four cylinder engine mated to axle-based electric motors.
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