Chrysler repays $7.6 billion in outstanding U.S., Canadian loans

Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.

Video: Porsche's Michael Mauer and Mitja Borkert on the new Macan

Porsche style vice-president Michael Mauer has revealed how the new Macan's design was influenced by racecars. In this new video, Mauer and members of his design team explain some of the Macan's development and the team's desire to create "a true Porsche in each segment – a true sports car". Classic Porsche design cues were immediately obvious upon seeing the Macan in the metal in Tokyo and Los Angeles – including its rear and interior – and Mitja Borkert, director advanced design style, identifies other recognizable features.

Lexus takes top spot in Kelley Blue Book's 2014 Best Resale Value Awards

We've always known that used Lexus vehicles keep their values well, and this fact has been recently reconfirmed for a third year in a row by Kelley Blue Book. Lexus took the top spot in the Luxury Brand category in the 2014 Best Resale Value awards, which was actually the fourth time overall that Lexus reached that spot, 2011 being the only year when Lexus didn't place first since the award's inception in 2009. Back In 2011 it was Subaru took took the award for Best Brand for resale values, while BMW took the Best Luxury Brand award for that year.