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New Jaguar XJ joins the new Government – eventually

The new Jaguar XJ finds its way in to Downing Street - 24 hours too late. Yes, I know we’re supposed to be on the pulse of everything that’s going on in the world of cars. And honestly, we usually are.

RCA Citroen/Exa Double Challenge project

Second year students at the Royal College of Art in London revealed a series of projects at their interim degree show last week. Developed in collaboration with French automaker Citroen and the Exa Corporation, a leading supplier of aerodynamic software, the Double Challenge project asked students to design an ultra-compact model that could establish a unique Citroën e-vehicle aesthetic for the future, all while adhering to certain aerodynamic criteria that would not only reduce energy consumption and ensure stability at speed, but also visually communicate efficiency through its design. The project, which kicked off in October last year, was closely followed by representatives from Citroen and Exa, who examined each of the projects and chose a winner, Heikki Juvonen, at the event last week.

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.