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Chevy reveals 45th-anniversary special edition, and more power, for the Camaro

Chevrolet has let slip some of the details on the 2012 Camaro. Highlights for the sports car include a few more horsepower from the V6, a new suspension package for the SS and a 45th anniversary special edition Camaro that will go on sale to celebrate the pony car's entrance into old age. The direct-injection V6, which sees duty in everything from the Cadillac CTS to the Malibu and a few crossovers, will deliver 323 hp in this application.

Preview: Porsche Panamera

After what has already been the most drawn-out model introduction ever (the initial Porsche sketches of the new model having been revealed in 2005), Porsche has finally released the first official rendering of its forthcoming Panamera sedan, set to be launched in 2009. Though the plan view doesn't show much of the new Porsche's design, the company says the features will 'include a wide and low body offering dynamic proportions and muscular design'. But while the grand tourer will have a 'compact overall look', the interior space is claimed to offer a brand-new experience of roominess, with two single seats and generous headroom at the rear allowing adults to sit in comfort.

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.