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Bench Racing: New crop of supercars

It's been a while since we've hypothetically raced a handful of cars around the office; long enough that an entirely new crop of supercars has arrived for us to chart, graph and dissect. Today we're zeroing in on the $1-$3 million price tag range, which fits the Ferrari LaFerrari, McLaren P1, Pagani Huayra and the Bugatti Veyron Super Sport. The first three fit neatly, pricewise, at about $1.3 million.

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.

Design Contest: Winners of the Interior Motives Design Awards 2004 announced

After the second press day of the Paris Motor Show, designers made their way to Le Cab nightclub for the announcement of InteriorMotives Student Design Awards 2004 winners. Over 500 atttendees included leading automotive designers, design managers and top executives from automakers, independent designers and design studio personnel, as well as Tier 1 and 2 suppliers. This annual competition gives the opportunity for students to submit their work for viewing by a prolific file of judges.