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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.

Alfa owners throw a party for iconic brand

Alfa Romeo turns 100 on June 24, and the Capital Chapter of the Alfa Romeo Owners Club (AROC) is celebrating the famed Milanese maker's centennial with a weeklong series of festivities called “Alfa Century 2010.” Centennial celebrations take place June 21-27 in numerous locations throughout the world including in Milan, at the Goodwood Festival of Speed and during the Monterey weekend. But the Washington, D.C.-based AROC Capital Chapter's birthday bash represents the largest Alfa-exclusive commemoration in the United States. Chapter president Harlan Hadley said he expects a terrific turnout of Alfa Romeos from all eras of “Anonima Lombarda Fabbrica Automobili” (A.L.F.A.) history.

Tata Nano bounces back

Tata Nano Sales recovered well in December The Tata Nano was going to be the car that changed the world. Not since the Model T brought motoring to the masses was there a car that was going to change the game so drastically, with a list price in India of just £1750 and plans to bring the Tata Nano to Europe with a sub £5k tag, the Nano was going to be a revolution. Things started well, with Tata having to organise a lottery to allocate the Nano to buyers, such was the demand.