Xm Direct Universal Tuner Box For Satellite Radio Ready Cars Xmd1000 Sirius on 2040-parts.com

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.

Want a 28% return on investment? Buy a Classic Ferrari.

The Wall Street Journal declares a classic Ferrari as a sound investment with returns in the last year averaging 28% on important models. It seems, especially if you’re a petrolhead, you can have your cake and eat it by investing in classic cars, and particularly in classic Ferraris, and not just see your investment on a balance sheet but in your garage too. The Wall Street Journal has been looking at ‘Treasure ASsets’ like fine wines, works of art and classic cars.

2012 Lexus GS Spy Video

2012 Lexus GS on track at Toyota's huge proving ground in Belgium We’ve managed to churn out a number of stories on the 2012 Lexus GS over the last few weeks as Lexus ramps up the interest in their new GS ahead of its debut at Pebble Beach in August. It all started with the Lexus LF-Gh concept at Geneva in the spring – the new GS in Concept guise –  since when our spy photographers have managed to grab shots of a disguised GS out ploughing round the Nurburgring and we’ve had a Lexus boss musing the likelihood of a Lexus GS Coupe – and an official announcement that the GS 350 will arrive at Pebble. Now we get one of the oxymorons of car PR in the internet age – the ‘Official’ Spy Video.