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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.

GM says natural-gas Chevrolet Impala on the way

General Motors said it will sell a version of the Chevrolet Impala sedan with the ability to switch between gasoline and natural gas, part of the automaker's plan for taking advantage of a U.S. drilling boom that has made natural gas a more viable fuel for cars. The dual-fuel Impala, to be announced today by CEO Dan Akerson at a conference here, will have one engine and two fuel tanks -- one for gasoline and one for compressed natural gas.

Ford 1.0-litre EcoBoost engine is 2014 International Engine of the Year – again

The new Fiesta Red & Black get the 140 PS Ecoboost Engine of the Year It’s hard to believe that the little 999cc Ford EcoBoost Engine has been around for a few years now, but that hasn’t diminished the edge it has over engines from other car makers as it takes the gong for best international engine for the third year in a row. Remarkably, the 1.0 litre EcoBoost is now offering sterling service across the most unlikely vehicles, with applications in Ford’s range including the Fiesta, Focus, B-MAX, EcoSport, C-MAX and Grand C-MAX, Tourneo Connect, Grand Tourneo Connect, Transit Connect and Transit Courier. And it’ll be turning up in the new Mondeo when that arrives in a few months too.