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Lexus sketches future compact for the Frankfurt motor show

Lexus is jumping into the compact fray and has released a sketch of a concept that will be revealed at the Frankfurt motor show on Sept. 15. Lexus says the premium small car will make a design and technology statement, though further details are not available.

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.

They could've had a V8--but more opt for 4

Four is the new six. Four-cylinders have replaced sixes as America's most popular engine choice, powering 43 percent of U.S. light vehicles sold in the first half of this year, according to IHS Automotive.