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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.

Volvo S60 concept

This is the first look at the new S60 concept Volvo plans to reveal at the Detroit Auto Show in January. The concept gives an indication of what the new sedan will look like when it's launched in 2010. The new car's coupe-inspired silhouette follows on from the original S60's and is also underlined by entirely new shoulder contours and a gentle double wave that runs from headlamps to taillamps.

Fiat 500 Electric 2012 launch

The Fiat 500 Electric Concept was at the Detroit Motor Show this year At the 2010 Detroit Motor Show Fiat brought along an electric concept version of the Fiat 500, together with a Chrysler-badged Lancia as a clear indication that times are changing at Chrysler. And it would appear they’re changing even more quickly than we expected with the announcement that the Fiat 500 EV is going in to production, and will go on sale in the US in 2012. Obviously spurred on by the unexpected success in recent years of that other motoring retro icon the MINI, Fiat are pushing ahead with plans to introduce the regular Fiat 500 in to North America in 2010, although that will be preceded by the 500 Abarth and 500C Abarth, which will be the first versions of the 500 to reach American shores.