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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.

Last Lamborghini Diablo to cross the block at Barrett-Jackson auction

At the Barrett-Jackson Scottsdale Auction on Saturday, the last Lamborghini Diablo 6.0 VT SE ever made will go up for auction with no reserve. In 2001, Lamborghini wanted to send off the long-lived Diablo properly and issued 40 Special Edition Diablo 6.0 VT SEs to end the line. Car No.

Infiniti: Entry-level Infiniti teased ahead of Geneva

Infiniti Entry-Level Concept Geneva 2011 Infiniti has dragged Rolf out of the cupboard again, shoved a paintbrush in his hand and told him to illustrate their new, entry-level concept heading to Geneva. Which is Rolf’s first Infiniti gig since the Infiniti Performance Line G Coupe got teased last year ahead of Pebble. What we have this time is what Infiniti describes as a “…concept for a luxury performance car that will fit below the current G Line.” Which means it’s small.