Forza 12 Magazine Lot on 2040-parts.com

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.

Ferrari F12 Berlinetta design story uncovered [w/video]

Ferrari has revealed the secrets behind the design and development of its new F12 Berlinetta in a short video. The renowned Italian supercar manufacturer released the video, which focuses purely on the design process behind the F12 Berlinetta, the successor to the 599 GTO. The video, released as one part of a series, charts the development of the Berlinetta, the fastest that Ferrari has ever created, from the original sketches through the digital and clay modeling phases to finally deliver the finished product. The Ferrari F12 Berlinetta, one of the most hotly-anticipated cars of 2012, was officially unveiled at last week's Geneva motor show to crowds of fellow designers and members of the press as it appeared on both Ferrari and Pininfarina stands.

Saab secures investment from China et al

China's Hawtai Automotive invest €150 million in Saab As you can’t have failed to notice, Saab has stopped production because it’s run out of money. And despite the best efforts of Vladimir Antonov to throw money at Saab, the EIB and the Swedish Debt Office seemed unwilling to move quickly to allow Saab to get back in to production. But things they are a-changing.