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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.

Cycle-rail journeys 'almost triple'

MASSIVE increases to public transport network spending have led to the near-tripling of the number of ‘cycle-rail’ journeys taken since 2009, according to government statistics. An update on the coalition’s ‘door to door action plan’, published close to the New Year, details how huge increases in funding for secure cycle parking facilities and public transport integration have led to increased usage. The government is using the data to encourage more people to take up ‘greener’ ways of getting to work.

New MG3 caught on video in Spain

The MG3 – MG’s new supermini – has been caught testing in Spain ahead of a launch in the UK in early 2013. MG doesn’t offer a great deal of choice for car buyers at the moment, but the MG range is set to expand in 2013 with the addition of the MG3 supermini. The MG3 is already on sale in China, but MG are busy giving the MG3 a bit of a makeover to suit European markets, and a trio of UK plate MG3s have been caught out testing in Spain ahead of a UK launch at the start of the New Year.