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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.

Consumer Reports gets top vehicle picks mostly right

Despite the publication's uncomfortably broad definition of reliability -- it spans everything from "the engine fell out" to "the touchscreen display shows fingerprints too easily" -- automakers still clamor to get on the Consumer Reports recommended vehicle list. This year's winners cover a broad spectrum of vehicles, and for the most part, we're in agreement with the magazine's editors, with one significant exception at the top of the list. Best overall vehicle went to the Tesla Model S.

SEAT reveals new X-Perience crossover

SEAT SEAT has revealed the new Leon X-Perience, the latest addition to the expanding Leon range and a foray into a new niche for VW's Spanish subsidiary. Following a method proven by the likes of Audi, Subaru and Volvo, SEAT has taken its new Leon estate, the ST, and added 4WD and plastic bumpers to create a new model. The basic shape of the Leon ST has remained unchanged, with a 15mm rise in ride-height and new anodised black roof rails completing the transformation.