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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.

Kia styling chief Schreyer is fluent in Koreapean

The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head. "In a European company, everybody is a car driver, a car enthusiast," says the Germany-born design chief of Kia Motors Corp. "Everybody from the CEO to the little designer to people on the production line, they want to build cars they want to drive themselves." Koreans can be more market-oriented: "They look at the big picture, which markets to explore or conquer.

The most exclusive Mercedes-Benz G-class is this stretched BINZ

If you thought the G63 AMG was the meanest and most exclusive version of the Mercedes-Benz G-class that you could buy today, you haven't seen the version that Mercedes-Benz coachbuilder BINZ GmbH has been making for more than two decades. That's right, the smug owners of those G63 AMGs you see parked in front of trendy restaurants downtown do not, in fact, possess the coolest version of the long-running G-class. BINZ is known in other markets as the maker of Mercedes-Benz limousines and ambulances, but their wares are almost entirely unknown in the western hemisphere.