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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.

Kia Sedona suits up for New York auto show

Kia teased its new Sedona minivan on Thursday, a week before it debuts at the New York auto show. We instantly noticed its new sheetmetal duds, which are a long way from the plain-Jane style of the old car. Information is scarce for now, but Kia did say the MPV (Multi-Purpose Vehicle) will ride on a new chassis powered by Kia's 3.3-liter direct-injected V6.

Me and My Car: Achim Anscheidt and his Porsche 911 [w/Video]

You can tell a lot about a person from the car they drive. It can also be argued that you can tell a lot of about a car from who drives it, especially when that person is a respected designer, in this case the head of Design Bugatti Achim Anscheidt. In one of Drive's latest episodes features Anscheidt and his Porsche ‘Private Project' 911 around the streets of Berlin, discussing his take on minimalism in design and construction and how he feels about personal design projects.