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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.

Autostyle Design Competition 2013: The Results

The results of the tenth annual Autostyle 2013 design competition are in, with three Italian and two French design students earning this year's top plaudits. The contest challenged students from eight schools from around the world to create a custom vehicle from a Citroën Revolte concept, Suzuki SX4, Audi Crosslane, Land Rover Defender DC100 concept or Maserati Ghibli. The schools involved were: Creapole; Istituto Europeo di Design (IED); Institut Supérieur du Design (ISD); Istituto Superiore Scienza dell'Automobile di Modena (ISSAM); Politecnico di Milano; Royal College of Art; Strate College; and Umeå University of Design.

One Lap of the Web: falling rocks, falling prices, and a Ford Frontenac?

-- If this isn't the automotive video of the week, then we don't know what is. A car in Taiwan just barely avoids being crushed by a gigantic boulder, whose water and mud bow wave shoves the car a few feet before the boulder even lands anywhere near the car. Watch the top of the hill at the very start of the video.