1963-1975 Corvette Oil Pump Screen N.o.s. 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.

Fall in drug-driving admissions

THE NUMBER of motorists admitting to drug-driving is falling, according to Government figures. Just 0.5% of motorists said they had driven under the influence of drugs during the 2012/13 financial year compared with 1% who owned up to this offence during 2011/12. Based on a survey by the Office for National Statistics, the figures also showed that 6.4% of motorists had admitted drink-driving at least once in 2012/13 compared with 7.4% in 2011/12.

New Fiat Panda (2012) arrives

New Fiat Panda 2012 - arrives at Frankfurt The Fiat Panda has always been simple motoring, in many ways much more the keeper of Fiat’s heritage than the funky Fiat 500. True, there is, in the current iteration, the Panda 100hp which is a long way from basic and probably the most fun there is to be had on four wheels in a city. But even the Panda 100hp keeps it simple.