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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.

Hyundai's record year – can it continue? (2013)

Hyundai’s metamorphosis is complete – it’s now one of the ten most popular car brands in the UK, and the first Korean manufacturer ever to crack into the Premier League of UK car buying habits. Sales in 2012 soared by 18.1% to 74,000 units, while its Kia sister brand scored 66,000 registrations last year, according to the new SMMT figures out this week. The Korean double-act isn’t just a thorn in the side of the established French mainstream brands: it’s killing them off completely.

Two Italian car events vie for your amore on Monterey weekend

Last week we heard that Concorso Italiano, everyone's favorite Italian car happening, had been bought and was on its way to a new location on a golf course on the Monterey Peninsula. Now it turns out there are two Italian car events scheduled for the same day--Aug. 14--on the same peninsula.