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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.

Buick duplicates toughest roads in the world for virtual testing

Buick is cloning real-world roads so they can be used to virtual test cars. Engineers use cameras and a laser to scan the road surface and to create a three-dimensional virtual copy. Buick has used this system to replicate the road leading to the Cerro del Cubilete shrine in Mexico.

Ferrari 149M Project for Geneva Motor Show – looks like a California update

Ferrari Project 149M will be revealed on 12th February 2014 It’s was 2012 when Ferrari updated their entry-level car – the Ferrari California – with less weight, more power and a handling package, and it looks like they’re about to do the same again. Ferrari are trailing a reveal of ‘Project 149M’ for the 12th February – and a reveal at the Geneva Motor Show next month – which, although slightly cryptic sounding, does point firmly to a Ferrari California ‘Modificato’. The California has the internal product code ‘F149′ and Ferrari has a history of producing ‘Modificato’ or ‘M’ versions of their road cars to move the game on – think Ferrari 575M.