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Kia Track'ster (2012) first official pictures

After all the pre-launch teasing, Kia today slid the covers off the new Track'ster at the 2012 Chicago auto show. It's a slammed, hot hatch vision of what the Kia Soul could become, were the Koreans brave enough to battle it out among the VW Golf GTIs and forthcoming Polo R pocket rockets. Conceived at Kia's Californian design studio, the Track'ster is designed as a road and track car.

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.

Porsche Cayenne hits 250,000 sales

“Absolute sacrilege”, they cried, when Porsche announced it was to make an SUV. “Too ugly to drive”, said Clarkson, despite his obvious incredulity at its abilities. Yet despite its inauspicious start in life, the Porsche Cayenne has gone on to be a huge success for Porsche, and the 250,000th Porsche Cayenne has just rolled off the production line at Porsche’s Leipzig plant..