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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.

The Technology Behind F1 Cars: Aerodynamics [w/Video]

Ferrari's latest video in its ‘Discover the technology of Formula 1' YouTube series sees Scuderia Ferrari's deputy design chief Simone Resta focusing on the chassis and side pods' design and its effect on the aerodynamics. This video follows two episodes, the first of which introduced viewers to the concept of aerodynamics – which is the subject of the series' first part – while the second took a look at the design and effect of the car's front wing and nose. The great thing about this series is you don't have to be a genius – or even know your way around an F1 car – to get to grips with the concepts or terminology.

‘Crash avoidance’ systems rated for safety

The European car safety body Euro NCAP has confirmed it is currently testing a number of cars fitted with crash avoidance technology in an effort to judge the systems’ effectiveness. This news coincides with an announcement from the American Insurance Institute for Highway Safety (IIHS), which has published the first results of its own version of the scheme. Euro NCAP and IIHS are cooperating to establish a standardised test formula.