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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.

VW Routan minivan to be dropped from lineup

Volkswagen will end sales of the Routan minivan, a rebadged Chrysler-built minivan that VW has sold since 2008, the company's top U.S. executive said Wednesday. The Routan will be phased out this year, with most units destined for "internal purposes" such as VW's corporate fleet, said Jonathan Browning, CEO of Volkswagen Group of America.

New Porsche 911 Carrera S quicker than a 997 GT3

New Porsche 911 - 13 seconds quicker round the Nurburgring than the old 911 Porsche had something of a spat recently with the Nissan GT-R, with both parties keen to show their car was the quickest. But Porsche has now got over that ‘I’ve got the biggest’ mentality, and are now keener to show how far their current crop of cars has come. Like the new 2012 Porsche 911 Carrera S.