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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.

Fuel-tank probe rekindles old issue

The placement of fuel tanks on passenger vehicles has changed over the past three decades, and for good reason. Automakers gradually have repositioned the tank to an area in front of the rear axle, generally below the rear passenger seat. Statistically speaking, the tank in that location is less vulnerable in a high-speed, rear-end crash than in the previous location--between the rear bumper and axle.

Corvette Performance Data Recorder lets owners brag, and back it up

The last time Cosworth partnered directly with Chevrolet, the world saw the Cosworth Vega. "I had one of those," said Hal Reisiger, CEO of Cosworth. "In 1978 I put a 327 in one of those.