Vintage Flying Scott / Mccolluch Boat Motor Cowl Cover on 2040-parts.com

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.

GM's top battery executive for the Volt to join California startup

General Motors's top executive in charge of developing batteries for the Chevrolet Volt plug-in hybrid is leaving to take a position with an unnamed startup battery company in California. Denise Gray, 46, global director of rechargeable energy storage systems, will step down March 5 after more than three years in the post. This was “an opportunity that I could just not resist,” Gray said in a phone interview.

Porsche 911 GT3 R Hybrid – by Williams F1 +video

Porsche has developed the 911 GT3 R Hybrid with Williams F1 KERS Technology Read the headline carefully before you judge. This isn’t a Porsche 911 for the road, but a track 911 – the Porsche 911 GT3 R Hybrid. And yes, you read that right.