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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.

Vauxhall Meriva concept (2008): first official pictures

By Ben Pulman First Official Pictures 28 February 2008 11:45 This is Vauxhall’s new Meriva, and it will be the first mini-MPV with suicide doors. The car in our pictures is the concept, set to be unveiled at next week’s Geneva Motor Show. It gives us huge hints towards the final look of the production car, which will be shown at the Paris show in autumn 2008.

New Jaguar XJ – the last new Jaguar XJ tease?

Mike Cross - Jaguar's Chief Engineer Vehicle Integrity - talks about the Driving Dynamics of the New Jaguar XJ This time we get a new talking head – Mike Cross, Chief Engineer – Vehicle Integrity – so I’m pretty sure he has a fair degree of knowledge on his subject (actually, as an aside, it’s Mike who will be driving the Jaguar XKR Goodwood Special up the Hillclimb this weekend. And Mike must be important, because he gets a moody-looking pro mug shot to go with this piece!). And his subject is something that will make or break the new Jaguar XJ – Driving Dynamics.