1970 Pontiac Grans Prix Brochure 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.

2013 Ford Fiesta Van Facelift arrives (+video)

Ford has given their Fiesta Van a facelift for 2013 with much the same changes the new Fiesta gets – including the Aston Martin grill. Ford has decided it’s not just the new Fiesta that’s getting a touch of Aston Martin, it’s the Fiesta Van too. So the 2013 facelift for the Fiesta Van features most of the changes the new Fiesta gets, including that Aston Martin inspired grill on the nose.

Hyundai will launch Veloster Turbo in 2012

Hyundai has confirmed it will bring a 1.6 turbo version of the Veloster coupe to the UK in the second half of 2012, as first revealed by CAR. It should make an interesting alternative to the VW Golf GTI brigade. The new blown four-cylinder engine is called the Gamma 1.6 T-GDI by Hyundai - and it develops an unusually high specific output of 201bhp at 6000rpm and 196lb ft at just 1750rpm.