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Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler 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.
Top Gear gets a new Stig – Tiff Needell
Tue, 21 Dec 2010Tiff Needell becomes the Stig No, we haven’t got our stories in a twist. We know that former White Stig Ben Collins has been given some airtime as himself on Fifth Gear. Not that he’s fared brilliantly against Fifth Gear’s pair of seasoned and experienced drivers – Messrs Needell and Plato.
Geneva Show 2014: High-Tech Focus Bares All
Tue, 04 Mar 2014FORD’S new Focus might have already seen the light of day, but now that the car has been given its public debut at the Geneva Motor Show the Blue Oval has released more details on its family favourite. Aside from the enhanced exterior design, key to the car’s revamp is a new suite of in-car electronics to keep you safe and entertained. The main attraction is a new version of the car maker’s Sync 2 telematics system boasting intelligent sat-nav, advanced voice control, integrated music player features and an intuitive colour touchscreen.