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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.

Chip Foose returns to Disney's Car Masters Weekend

Automotive designer Chip Foose will return to this year's Car Masters Weekend at Downtown Disney on 15-16 June. Foose, who is also a hot rod shop owner, fabricator and star of the reality TV series Overhaulin' on Velocity, has created pieces of original artwork featuring landmarks from Walt Disney World Resort, finished in his signature marker style. Works by Foose were put on display last year in Disney California Adventure's Car's Land attraction.

Merry Christmas 2012 from all at Cars UK

Happy Holidays, Seasons Greetings, Merry Christmas (or any felicitation that suits you) from all at Cars UK. Cars UK is all about the latest car news and reviews, so our own little elves don’t really get a day off. But we do make an exception for Christmas Day, so this is the only car news ‘story’ today.