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Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler 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.
Bugatti Veyron Grand Sport Vitesse: New pictures and specs
Sun, 11 Mar 2012Bugatti Veyron Grand Sport Vitesse With the Bugatti Veyron Grand Sport Vitesse now officially launched at the Geneva Motor Show, Bugatti has released new pictures and specs for the Vitesse. A ‘new’ Bugatti Veyron is a ridiculously common event for a car that is made in very small numbers. But almost all the new Veyrons we see are actually just cosmetic jobs on the regular Veyron, rather than a new variant.
Britain leads bumper year for Ferrari
Fri, 12 Sep 2014FERRARI may be struggling on the Formula One track, but its bank accounts are in fine shape after profits reached new record highs. After delivering 3,631 cars in the first six months of the year – 3.6% fewer than the me period in 2013, in line with the company's plans to reduce deliveries – revenues were up 14.5% to almost £1.35 billion. Profits rose 5.2% to £185 million, which should pay for a good send-off for the outgoing Ferrari Chairman Luca di Montezemolo after his 23 years of service.