1936 Chrysler Custom Airstream De Soto Touring Sedan Car Advertising Postcard 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.

Subaru WRX Concept: New York Auto Show 2013 – UPDATED + video

Subaru has revealed a concept for the next generation WRX at the New York Motor Show this week, but will it make it to the UK? The Subaru WRX is the poster child for the Playstation Generation, but Subaru in the UK seem to have fallen out of love with the idea of a budget supercar, preferring to concentrate on fluffy bunny dreams of hybrids and fresh air from the tailpipe. So there’s a lot of uncertainty if the next generation WRX – previewed this week in New York by the WRX Concept – will make it to the UK when it turns in to a production model.

Automakers rack up solid gains to finish 2010

Fueled by holiday and year-end discounts, as well as the introduction of new models, automakers finished 2010 on a high note by posting the year's best monthly sales in December. U.S. light vehicle demand climbed 11 percent last month to 1.1 million units--the best month of the year on a unit basis.