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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.
College Exhibition: Pforzheim University Summer Show 2009
Fri, 07 Aug 2009Germany's Pforzheim University recently held its summer degree show at the city's Congress Center for students in the school's Transportation Design program. The exhibition included work from nine graduating Masters' students and 13 Diploma students, as well as a Mercedes-Benz-sponsored project by MA students, a Renault-sponsored project by undergraduates in their 4th and 6th semesters and three Volkswagen-sponsored projects. Projects from the graduating MA students included: Porsche P'5200 Stephan Everwin Named after Porsche's product matrix - 5000 being the category for sport and 200 representing water - the Porsche Design sailing yacht considers the holistic sailing experience rather than just the product itself, "It's not about speed, but the experience," Everwin told CDN.
Mercedes S63 AMG and S65 AMG – the Video
Sat, 02 May 2009Mercedes S63 AMG and S65 AMG - the Video [ad#ad-1] We brought you news a few weeks ago from the Shanghai Motor Show, where Mercedes revealed their super-S Class models – the S63 Amg and S65 Amg. Well, not a company to do things by halves, especially when we’re talking about the top of the range S Class, Mercedes has released a promo film for the S Class AMG models – running to more than 20 minutes. As we told you last time, the S63 AMG and S65 AMG get the same facelift treatments as the rest of the range.