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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.

Bugatti's 100P dream airplane to soar for the first time at the Mullin Automotive Museum

Ettore Bugatti, perhaps bored with building such extravagant symbols of single-minded genius like the Royale, devised a staggering work of aeronautical wonder that never saw the light of the day. Threatened by the twin insurmountable forces of deadlines and war, the Bugatti 100P never made it to the skies. Bugatti wanted to tackle the Deutsch de la Meurthe Cup Race -- the brainchild of one Henri Deutsch de la Meurthe, the wealthy petroleum businessman who birthed Europe's oil industry in his native France.

Porsche Panamera Diesel- it’s official

Porsche Panamera Diesel - a frugal Panamera offering The headline sounds as if there might have been doubts that we would get a Porsche Panamera Diesel before too long. But, despite the general perception that ‘Diesel Porsche’ should be an oxymoron, a Panamera diesel was always going to happen, as Porsche confirmed in November. It was always going to happen because – in the real world – it probably makes more sense than any of its petrol powered siblings for most potential buyers.