1951 Ford F1 Short Bed on 2040-parts.com

Mazda's rotary engine stalled, not forgotten

Development of the next-generation rotary engine from Mazda Motor Corp., first unveiled three years ago, is making slow progress despite missing emissions targets. A top Mazda powertrain executive said today that the 1.6-liter rotary engine, called the 16X, is about 30 percent more fuel-efficient than the current rotary engine used in the RX-8 sporty car. In fact, the 16X so far performs slightly better than Mazda's standard two-liter gasoline engine, said Mitsuo Hitomi, general manager of the Japanese carmaker's powertrain division.

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.

L'argus European Design Competition 2004 announced

French magazine L'argus de l'automobile has launched its 3rd European Design Competition , with the theme: "Imagine the convertible utility vehicle" The competition has been run since 2002, asking students at European design schools to design original utility vehicles. The 2003 competition recieved more than 350 submissions from students of Europe's best schools of art and design. This year there are two major new features: extension of the competition to design students in the new European Union countries, and greater freedom for entrants, with a theme allowing more room for creativity.