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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.
Dassault Systèmes and Riversimple partner for eCar Design Contest
Mon, 01 Aug 2011Dassault Systèmes, in collaboration with Riversimple and the 40 Fires foundation, launched their eCar Design Contest recently, designed to encourage cooperation and the development of ideas on an open source platform. The companies had been in talks for some time regarding a joint project and this competition – a completely holistic, closed-loop approach to the building, sale and use of a car – is the result of their successful collaboration. Christopher Reitz, head designer at Riversimple, says, "The open source platform is a fantastic tool.
Audi Insurance – cheaper than BMW or Mercedes
Thu, 20 May 2010The Audi Range - cheaper to insure Every edge helps, and no one knows that better than Audi. They’ve become masters at finding value where other car makers didn’t even see an opportunity, much less explore it. And their marketing – although understated (on the whole) – is always bang on message and consistent.