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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.

Mazda Nagare concept: first official pictures

By Ben Whitworth First Official Pictures 29 November 2006 09:42 You're looking at Mazda’s RX-8 for the year 2020 – unveiled today at the Los Angeles Motorshow. The Nagare concept car signposts Mazda’s new design direction for its next generation of sports cars. Japanese for ‘flow’ and pronounced ‘na-ga-reh’, the futuristic four-seater coupe follows on from this year’s Sassou, Kabura and Senku concepts and aims to depict motion and speed with dynamic proportions and unique surface treatments – key features of Mazda’s future models.

Porsche Panamera V6 (2010 / 2011) revealed +video

The Porsche Panamera V6 will debut in April at the Beijing Motor Show A year on from the launch of the Porsche Panamera in China last year, Porsche has revealed that the Porsche Panamera V6 will join the Panamera lineup and – in yet another sign of the importance of the Chinese market – will be revealed at the Beijing Motor Show in April. The Panamera V6 comes with either rear wheel drive – the Porsche Panamera – or 4WD – the Porsche Panamera 4 – and gets a new 3.6 litre V6 petrol lump producing 300bhp and 295lb/ft of torque. Fitted with Porsche’s PDK ‘box both models get stop/start to trim emissions and improve economy.