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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.

Toyota's incoming chairman wants new Supra

Toyota Motor Corp.'s incoming chairman said he wants the sports car the company is developing with BMW to be a midsized vehicle comparable to the discontinued Supra. Toyota's next sports car should be like the Supra so that it doesn't overlap with the 86 coupe, Takeshi Uchiyamada said in an interview today in Osaka at a gathering of members of the Keidanren, Japan's biggest business lobbying group. Still, such decisions are up to engineers, Uchiyamada said.

JLR launches UK recruitment campaign

JAGUAR Land Rover has begun a campaign to recruit hundreds of new workers at its Engine Manufacturing Centre near Wolverhampton. Phase one of the overall plan will see 600 new employees join the company over the next four years, with the long-term aim being to recruit 1,400 extra staff members. The first 600 workers will be employed on the manufacturing line itself, producing parts for complex new engines destined to power cars like the Range Rover Evoque and the Jaguar F-Type.