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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.

Citroen DS 5LS R (2014) first official pictures

By Damion Smy First Official Pictures 04 April 2014 07:00 This hard-core saloon is the most powerful Citroen ever built. This is the Citroen DS 5LS R that will star at the Beijing motor show in a few weeks. The clunkily-named model is a C-segment saloon that’s based on the DS 5LS, which was unveiled in December 2013, but this R version is a race version in the vein of the DS3 Racing and DS4 Racing models.

Gordon Murray city car to be built

It seems the Gordon Murray Design T25 and T27 city cars are heading for production and could be on sale as early as 2016. According to Gordon Murray himself, writing on the company’s website, the concept for both the T25 and T27 has now been sold to a customer. The i-Stream manufacturing process is also being taken on by a selection of clients, it seems.