97 98 99 00 01 02 03 04 05 Malibu Wheel 15x6 Steel 13931 on 2040-parts.com

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

Aston Martin revives Vanquish name for DBS replacement

Aston Martin is reviving the Vanquish name for the replacement of the DBS coupe, which will feature a full carbon-fiber body, a 565-hp V12 and a mass of engineering revisions in an effort to eclipse Ferrari's F12 Berlinetta. The Vanquish name goes back to the beefy, old-school model of 2001. Aston hopes that magic will rub off on its next flagship, a heavily revised version of the DBS made famous by its appearance in the Bond movie Casino Royale.

Dutch factory announced for new Mini

THE NEW Mini is to be built in Holland as well as the UK, owner BMW has announced. The German motor giant said production of the Mini Hatch will be split between its factory in Oxford and a site in Nedcar in Born. Around 1,500 workers will build the new Mini in Holland from this summer at a factory run by BMW's Dutch partner VDL Nedcar.