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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.

Lamborghini Estoque at the Paris motor show 2008

By Ben Whitworth Motor Shows 02 October 2008 10:02 Lamborghini’s new Estoque is easily the star of the Paris motor show. Big, bold and irrepressibly Lamborghini, the Estoque should hit showrooms by 2011 with an anticipated £130k price tag to slug it out with the Porsche Panamera and Aston Martin Rapide. It’ll be quite a fight….

Barrett-Jackson's Las Vegas auction draws drivers

Though you'll see the usual assortment of restored muscle cars and one-of-a-kind automotive delights at the Barrett-Jackson Las Vegas auction, it's the buyers who make this event a little different, organizers say. "Most of the vehicles we sell in Vegas go to first-time buyers--and they want drivers," said Craig Jackson, CEO of the auction company. "They're end users and drivers, rather than speculators." Those buyers will have a wide variety to choose from at the fourth-annual Barrett-Jackson Las Vegas auction, which kicks off on Sept.