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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 - the new super-Bug to hit 288mph
Mon, 10 Dec 2012Bugatti is preparing a new SuperVeyron for launch in 2013 - and CAR has uncovered fresh details on the new higher-performance Veyron. Like its 288mph top speed. A 0-62mph time to worry an F1 car's.
Hyundai Blue2
Fri, 01 Apr 2011Also making its debut at the 2011 Seoul Motor Show is the Hyundai Blue2 concept. The mid-sized EV is said to show the blueprint for future sedans from the company. The moniker ‘Blue2' comes from a combination of the sub division of Hyundai ‘Blue Drive' whilst the 2, is a nod toward the chemical symbol for Hydrogen.