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Pontiac Lives: Tire-smokin' GTOs and Trans Ams set for SoCal auction

It's been almost a year since General Motors announced the end of the road for Pontiac. While the century-old brand has now joined Oldsmobile, Plymouth and a long list of other iconic makes in the automotive afterlife, the collector market remains more alive than ever. A lineup of 27 classic Pontiacs, including 17 GTOs, will cross the auction block in June.

Honda CR-Z (2010) at Tokyo

The Honda CR-Z Concept will show at Tokyo in October Honda are also calling the CR-Z the first Sports Hybrid in the world. And to emphasise that point the CR-Z will come equipped with a real six-speed manual ‘box instead of the irritating CVT boxes most hybrids get. Which should make it a more enjoyable drive.

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.