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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.

Vauxhall Astra VXR (2012) gets 282bhp + new GTC photos

Astra GTC Concept Paris Vauxhall sneaked us a peek at the 2012 Vauxhall Astra VXR a couple of weeks ago – slightly titivated and called the Astra GTC Concept admittedly – but the 2012 Vauxhall Astra VXR none the less. And we ran the story, even though there was precious little to say beyond they’d turned the ‘blades’ round on the doors to make it look more butch and that it’d turn up when the 3 door Astra does in a years time. But Vauxhall has decided to throw a little more out there, so we get images of the interior and some firm (ish) news on the oily bits.

Lorenzo Ramaciotti visits RCA for 'Two of a Kind' project

Lorenzo Ramaciotti, Fiat-Chrysler's head of global design, has visited the Royal College of Art as part of the Fiat ‘Two of a Kind' project explaining how Italian design has become world-famous in all fields in a talk themed ‘The Roots of Italian Car Design'. The ‘Two of a Kind' project asks four teams of four Vehicle Design students to design innovative exterior and interior proposals for how the Fiat 500 and the Panda might look in 2020, taking interactivity, digital interface, sustainability and global appeal into account. Maserati brought along a Quattroporte, a GranTurismo Sport as well as an Alfa Giulietta Sportiva to complement his talk in the hope it would encourage students to consider what the carmaker believes are the three concepts of the legacy of Italian car design: sportiness-dynamism; elegance-balance; and character-personality.