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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.
Bugatti to unveil “Lang Lang” Veyron at Qatar motor show
Tue, 18 Feb 2014Bugatti will reveal another special edition of the Grand Sport Vitesse called “Lang Lang” at the 2014 Qatar International Motor Show later this month, built to honor the Chinese pianist. We’re assuming this is one of the 40 convertibles the company needs to sell before it starts building new cars. The two-tone exterior features lots of polished black carbon fiber that’s really set off by the “Blanc Atalante” white accents.
1980s supercars
Thu, 10 Jul 2008By Tim Pollard and Ben Oliver 10 July 2008 16:01 Supercars in the Eighties The Italians continued to innovate in the ’80s, but they also came under pressure like never before from a series of supercar wannabes. The Germans fettled the humble 911 Turbo into the race-spec 959, which showed how computers could sport brains as well as brawn. Meanwhile Honda showed the NSX, which became the first contender from the Orient.