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California, United States, US
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Tesla pays off its government loans
Thu, 23 May 2013Tesla 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.
2013 Subaru Forester revealed
Thu, 01 Nov 2012The new Subaru Forester – a 2014 Forester for the US – has been revealed ahead of a debut at the Los Angeles Motor Show this month. The Forester still looks like a Forester although it is a bit longer, wider and taller and gets a longer wheelbase which, say Subaru, means more space in the back seats and more room ion the boot. There are cosmetic tweaks with a crease running down the flanks under the window line, a new grill and bumpers, new alloys and a more slick feel to the looks. There’s extra toys too with a new Infotainment centre with smartphone integration, SatNav with reversing camera and a nice upmarket Harmon Kardon sound system.
Mitsubishi Outlander PHEV Concept S revealed – it’s a ‘Sporty & Sophisticated’ Outlander PHEV
Mon, 22 Sep 2014Mitsubishi Outlander PHEV Concept S revealed. The Mitsubishi Outlander PHEV – the plug-in hybrid version of Mitsubishi’s Outlander – is a terrific buy, if not quite a terrific car, with its plug-in hybrid drivetrain making it a very tax-efficient company car and its price – the same as the diesel alternative – a refreshing surprise. But Mitsubishi are intent on cashing-in on the Outlander PHEV’s success, and earlier this month we got a tease for an Outlander PHEV S which has now been revealed ahead of a debut at the Paris Motor Show next month.