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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.

Lexus CT 200h: The emissions

Teh Lexus CT 200h has emissions of just 96g/km We have to go with the flow on this because, although we have no faith in the assertion that man is responsible for climate change, for as long as Governments penalise and promote cars based on the emissions of CO2 from their tailpipe (I know, it’s barking) we have to accept that car makers will respond to that stick and carrot. Which is why we see a raft of car makers churning out ‘Eco’ cars with a 99g/km emissions figure, as sub-100g/km of CO2 emissions is the Holy Grail for maximising tax effiecencies. Of course, Lexus has gone a step further and seem intent on producing only hybrid cars as soon as possible.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.