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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.

Ferrari 458 Spider driven by Fernando Alonso +video

Fernando Alonso drives the Ferrari 458 Spider As the Ferrari 458 Spider gets closer to its official debut at Frankfurt this week, Ferrari are busy dropping bits of PR stuff to keep up interest. Today’s helping is Ferrari F1 driver Fernando Alonso having a play in Ferrari’s new convertible. This is the first time we’ve seen Ferrari’s new drop-top on the move, and it looks every bit as good as it coupe sibling.

Honda Jazz (2008): first official pictures

By Tom Richards First Official Pictures 05 August 2008 12:29 Here are the first pictures of the all-new Honda Jazz, the follow-up to the super-clever supermini that’s been on sale since 2002. You’ll have to wait until autumn 2008 for Honda’s UK dealers to launch the Jazz, but CAR has already pored all over the new supermini to bring you a full preview of the latest mini. So what’s the new Jazz like?Our first impressions are that it’s an easy-to-use model – with first-rate ergonomics.