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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.

Toyota Auris (2012) first official pictures

Toyota will showcase the new Auris family hatchback at the 2012 Paris motor show from 27 September. Toyota claim the new car is lighter, more economical and altogether more distinctive than the somewhat forgettable first-gen Auris, but will their efforts be enough to tempt non-geriatrics away from their Astras, Focuses and Golfs? Read on for all the Toyota Auris details.

Porsche Cayman GTS and Boxster GTS (2014) first official pictures

By Ollie Kew First Official Pictures 19 March 2014 17:00 The Porsche Cayman GTS and its soft-top doppelgänger, the Boxster GTS, take the fight to their 911 big brother like no Porsche sports car before. Thanks to a respective 15bhp power hike from their 3.4-litre straight-six engines, the GTS twins shave precious tenths of their 0-62mph time, with the Cayman arriving in 4.6sec (when specced with the PDK paddeshifter gearbox), and the Boxster in 4.7sec. The respective top speeds are 177mph and 174mph.