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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.

F3 History To Repeat At Silverstone Classic

ANYONE with fond memories of the ‘good old days’ of motor racing are in for a treat at this year’s Silverstone Classic meeting. Alongside numerous historic racing categories, event organisers are also promoting a line-up of classic F3 cars celebrating 50 years of the entertaining formula. Popular with up and coming drivers keen to advance to Formula One, F3 was used as a stepping stone by the likes of Ayrton Senna, Nelson Piquet, Nigel Mansell, Alan Jones and Alain Prost.

Daihatsu Copen revised

By Tim Pollard First Official Pictures 14 March 2007 09:08 The Daihatsu Copen - a Suzuki Cappuccino for the 21st century? Britain's cheapest roadster has been given a massive engine boost, after Daihatsu chopped the 660cc engine in the Copen for a 1.3 twin-cam. The Copen was conceived under Japan's K-car rules for short micro cars with engines under 0.7 litres, and its right-hand drive status meant it was imported to the UK market.