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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.

Nissan teases new Sports Saloon Concept for Detroit

Nissan teases new Sports Saloon Concept for Detroit Now we’re in to 2014, and the Detroit Auto Show is just a few weeks away, we’re going to get more news and teases ahead of the show, and this one comes from Nissan. The single teaser image (above) shows a new ‘Sports Sedan Concept’ which looks like it will preview the next generation Nissan Maxima due in 2015. We don’t get the Maxima in the UK, but the Sports Sedan Concept also previews a new style direction for Nissan which is likely – in  toned-down form – to find its way in to future Nissan’s this side of the Pond.

Kia future products: New engines power redesigned models

Cars will be the focus of Kia's attention in the next year as the fast-growing Korean automaker brings fresh styling and new engine technology to its lineup. The redesigned Rio subcompact that debuted at the New York auto show in April goes on sale in the fourth quarter. The Cadenza, a large upscale sedan that will be Kia's flagship, will be launched next spring.