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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.

Porsche Panamera S E-Hybrid does 62mpg in the hands of motoring journalists

The Porsche Panamera S E-Hybrid – a Panamera with a plug-in hybrid powertrain – arrives last month, along with a 2013 facelift for the Panamera range , complete with claims from Porsche that it could do 91mpg. That was never going to happen in the real world, but Porsche has followed up its official economy figures with a degree of proof that the Panamera E-Hybrid can actually achieve very impressive economy numbers in the real world, and in the hands of motoring journalists – a group not renowned for their light touch on the throttle. At a press event in Hockenheim, Porsche let car journalists loose on the Panamera E-Hybrid for a total of 42 drives over a total distance of 750 miles and returned an average of 62mpg.

Coventry students embark on interior project for GM's Opel/Vauxhall division

Designers at GM's Opel/Vauxhall division have tasked students at Coventry University with creating the vehicle interior of the future. Championed by Richard Shaw, Chief Designer at Opel's Advanced Design Studio in Germany, students will be charged with creating innovative and visionary interior concepts for the next decade, taking into account future needs of consumers but also the brand's values. Judges from GM Europe Design and Coventry University will then select the winning entry.