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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.
Goodwood FoS really does create sales for supercar makers
Wed, 27 Jun 2012Is the Goodwood Festival of Speed just an excuse for petrolheads to gather, or do supercar makers actually see sales rise as a result? If you’re a real petrolhead, there really is no better car show on earth than the Goodwood Festival of Speed (which starts this weekend). Yes, other car shows offer some of what Goodwood does – Villa D’Este, Pebble Beach and Salon Prive are all very good – but none have the depth of petrolhead goodness you’ll find on offer at Goodwood.
Mercedes E63 AMG Drifting at Brooklands
Wed, 14 Apr 2010The 525bhp Mercedes E63 AMG gets blatted round the Brooklands track in the video below When you produce a mid sized saloon car with a great big 6.2 litre V8 you can be pretty sure that when journalists get the chance to play they’re going to be a little exuberant with your car. So why not get in first? That seems to be Mercedes thinking with the video they’ve produced of the E63 AMG strutting its stuff at a soaking wet Brooklands track.