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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.

Why Ford’s Euro design is changing: Joel Piaskowski replaces Martin Smith

By Tim Pollard Motor Industry 28 May 2014 14:30 Ford today confirmed that it is shaking up its European design team, as it appoints Joel Piaskowski to replace the retiring Martin Smith. Smith, 64, has led Ford of Europe’s design team for a decade and is the father of the brand’s edgy ‘kinetic design’, but will step down on 1 July 2014, it was announced this afternoon. Before he retires fully at the end of the year Smith will work with the Blue Oval’s vice president of design, Moray Callum, on a global project looking at the future of Ford design.

'Ender's Game' Audi fleet shuttle quattro concept development revealed [w/Video]

Audi has released a short video and pictures exploring the development of the fleet shuttle quattro from the new sci-fi blockbuster 'Ender's Game'. The concept, presented as a 1:4 illuminated scale model at the movie's premiere at the Chinese Theatre in Los Angeles, was first announced in August and is Audi's first car completely designed on a computer. During filming the actors drove an Audi A7 Sportback before Digital Domain – responsible for the film's special effects – used computer-generated imagery to transform it into the digital fleet shuttle Quattro in post-production.