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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.

2013 SEAT Leon price revealed: Paris 2012

SEAT has revealed prices for their version of the VW Golf – the new SEAT Leon – at the Paris Motor Show. Starts at £15,670. SEAT has been a bit more daring with their take on the new VW Golf and Audi A3 (the SEAT Leon is based on the same VW MQB platform as its Volkswagen Group siblings) with a sporty statement nose and interesting creases running down the side.

Concept Group International (CGI) expands its reach into China

CGI is one of the European leaders in vehicle development technology and is increasing its client base by providing engineering services to Chinese automotive manufacturers. CGI is currently operating in China utilizing the capability of its strategic partners based on the mainland, allowing Chinese automotive manufacturers to benefit from CGI's expertise and its history in engineering and innovative design.  CGI has developed key partnerships with major automotive manufacturers based in the UK and Europe and is fully committed to generating similar relationships in China. By providing OEMs such as Bentley, Jaguar Land Rover, Nissan and Aston Martin with best-in-class quality and on-time delivery, CGI is now poised to further develop its presence in the Asian market.