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BMW Z4 GT3 (2011) completes testing

BMW Motorsport has released pictures of its upgraded Z4 GT3 race car. The 2011 car has completed testing and is available for customer teams. BMW Z4 GT3: the lowdown The Z4 GT3 may look like a regular Z4 that's been attacked by a boy-racer with a carbonfibre and tea-tray rear wing fetish. But under the skin the Z4 GT3 ditches straight-six power for a 4.4-litre motorsport-tuned V8 engine, hooked up to a six-speed racing transmissionBMW Motorsport takes a regular Z4 coupe-cabriolet body shell, and removes the retractable hardtop, bonnet, bootlid, front and rear wings and the bumpers.

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.

Volvo’s ‘Drive Me’ is the world’s first large-scale autonomous driving pilot project

Yes, you’ll be able to chat on the phone when the Volvo does the driving for you Like it or not, we’re rapidly moving to the point where autonomous cars will be the norm, with the driver only being involved in the act of driving by choice. Volvo – unsurprisingly with their stated goal of making sure no one dies in a Volvo in future – is at the forefront of the move to autonomous driving, and have teamed up with the Swedish Transportation Administration, the Swedish Transport Agency, Lindholmen Science Park and the City of Gothenburg in a project called ‘Drive Me - Self-driving cars for sustainable mobility’. The project kicks off next year with customer research and the development of the necessary technology and Volvo aims to have 100 autonomous cars on the roads of Gothenburg by 2017, where they’ll be driving round approximately 50 kms of selected roads, including commuter roads, motorways and regular queues.