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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.
Mini brand to get turbo three-cylinder engine
Mon, 30 Sep 2013BMW confirmed the Mini brand will also get BMW's new, turbo three-cylinder engine in upcoming models to be named later as part of a new family of engines for both brands that also includes an all-new four-cylinder. The company won't say which future models get the new three-cylinder other than the already announced BMW i8 plug-in hybrid. It arrives in the spring of 2014.
Toyota Auris Hybrid & Yaris Hybrid sales up. Prius sales down.
Thu, 04 Oct 2012Toyota is reporting strong sales for September, with the Auris Hybrid and Yaris Hybrid performing well. But Prius sales are down. Toyota are reporting strong sales for September – with the launch of the new 62 plate – with an 18.6 per cent jump in sales for a market share of 4.41 percent.