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Dual-clutch transmission put on hold at Chrysler

Chrysler Group has delayed introduction of a fuel-saving automatic transmission so it can make the shift patterns more palatable to U.S. drivers--the latest sign that a key tool in automakers' plans to meet tougher fuel-economy rules needs some fine-tuning. Two weeks ago, Ford Motor Co., which uses a similar dual-clutch transmission in its Fiesta and Focus, took a hit in Consumer Reports' annual reliability survey because many drivers complained about balky shifting.

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.

New VW Golf GTD to cost just £199 a month. Sort of.

The VW Golf GTD (pictured) can be had for £199 a month – if you’ve got a big deposit There’s no question that car buyers are getting themselves in to new cars at affordable money thanks to the range of finance packages on offer now, including leases, PCP and contract hire. That’s good for car makers, dealers and the car buying public as it leads to more sales and more people driving modern, reliable and efficient cars. But the headline price is not always as clear cut as it seems.