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Chrysler posts $370 million net loss on costs tied to repaid loans
Tue, 26 Jul 2011Chrysler 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.
2012 BMW 6-series to get xDrive power
Mon, 19 Sep 2011Do convertibles and all-wheel drive go together like oil and water, or peas and carrots? BMW seems to think the latter, with the addition of the company's xDrive system to the 2012 BMW 650i. BMW says the all-wheel-driver versions of the 6-series are faster than the rear-drive cars.
A look at future Cadillacs
Fri, 13 Sep 2013Cadillac revealed another take on a future large, rear-wheel-drive car during the Pebble Beach weekend—the ultra-cool Elmiraj four-seater coupe. This is Cadillac's second such concept in a couple years, after it showed the Ciel convertible at Pebble in 2011. Yet we hear that the first production car to ride on the so-called Omega platform will be a sedan scheduled to arrive in 2015 as a 2016 model.