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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.

Rare barn finds on sale: Jaguar E-Type and XK120 head to auction

The motoring world remains full of surprises – here we have a pair of classic Jaguars that had apparently been all but forgotten until they were pulled out of their respective hiding places earlier this year. The blue car is an early E-Type, the silver car an early steel-bodied XK120, both are heading to auction with Coys in the Ascot Sale on 26 October 2013. Please click the image above to read the rest of this story...

Ssangyong Concept XUV 1 Frankfurt debut

Ssangyong Concept XUV 1 first tease Not content with rolling out an all-new SsangYong Korando Crossover, Mahindra & Maghindra’s newly-revived Korean enterprise is now out to tackle the likes of the Nissan Juke, with a new concept at the Frankfurt Motor Show next month –  the Ssangyong Concept XUV1. Sangyong has sent us three teaser images of the Concept XUV1, but we’ve just run the one. Why?