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.

Winners of the Car Design Awards China winners describe their internships

With the 2015 Car Design Awards China now launched and open to entries, we caught up with some of the winners of the 2014 edition to find out about their current internships.Four of those we spoke to had the unique opportunity to pack their bags and head west to Detroit’s CCS college in the US to take part in its annual Cultural Immersion Workshop, while two others were placed in the Shanghai studios of Geely and Qoros. 阅读中文请点击这里Here they describe the highlights of their experiences so far, in their own words: Name Guo JiayiInternship CCS, Detroit USAge 23Home town BeijingSchool CAFA (Central Academy of Fine Arts) "The most interesting part of my internship was working with professional designers from different countries, exchanging ideas and learning from each other. Each of us has a different point of view and style, so looking at the combination of the American and other cultures is very interesting.

Mazda Shinari concept car (2010) first official pictures

Mazda's new design direction is embodied in the new Shinari concept car. Modeled to announce to the world the new styling language of future Mazda road cars, the Shinari ushers in a new look to replace the somewhat tortured Nagare mantra that has fizzled into a damp squib on the sides of the latest Mazda 5 midi-MPV. The Shinari won't be shown at the 2010 Paris motor show (apparently it's being held back for a 2011 Geneva debut), yet this is a landmark concept for Mazda design, under the new leadership of chief design Ikuo Maeda.