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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.

Kia to show KND-7 concept at CES in Las Vegas

Even though just a few years ago cars weren't a prominent part of the annual Consumer Electronics Show in Las Vegas, it is now an event filled with automakers and their concept cars. And for the 2014 edition of the massive show, Kia will bring their KND-7 concept. The KND-7 features a 1.6-liter turbocharged GDI (gasoline direct injection) four-cylinder engine good for 201-hp, along with cheeky exterior design.

Morgan Aero Coupe and Plus 8

Whilst looking decidedly vintage, the Morgan Plus 8 is one of three new models that will debut in Geneva. Moving away from the traditional ash chassis (yes, as in the wood) of the previous car, the new Plus 8 features a bonded and riveted aluminum chassis, similar to the high-performance Aero variants. Externally, the car retains the retro styling that is to be expected of Morgan, but sits on a wider track with deeper rockers.