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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.

Infiniti Etherea: Infiniti’s compact concept revealed in Geneva

Infiniti Etherea Concept Despite our gripes that Infiniti seem half-hearted about their entry in to Europe – certainly in terms of their reluctance to get the product under people’s noses –  we can’t argue they’re not developing their range to suit the European market. Good case in point is the introduction of diesel lumps across the range, although we find the new Infiniti M35h Hybrid potentially more appealing than the M30d (we’ve surprised ourselves there). And now we get a proper European-sized concept revealed in Geneva – the Infiniti Etherea Concept – which is a compact, pillarless, suicide door endowed 3-Series competitor with a 2.5 litre S/C lump connected to an electric motor and driven through a CVT ‘box.

German Grand Prix (2012) RESULT

With Alonso on pole and Vettel alongside – and rain in the air – is the 2012 German Grand Prix going to be Silverstone repeated? Qualifying for this year’s German Grand Prix in Hockenheim was a rather damp affair, with final qualifying run in a monsoon. A monsoon that saw Fernando Alonso put his Ferrari on a convincing pole with the Red Bull of Sebastian Vettel alongside.