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Porsche 918 Spyder to get 875bhp to take on McLaren P1 & LaFerrari

The Porche 918 Spyder – Porsche’s hybrid supercar – is to get a power boost and go on a diet to better compete with the McLaren P1 and LaFerrari. But the duo of hybrid supercars at Geneva will become a trio at the Frankfurt Motor Show in September when the Porsche 918 Spyder gets revealed in final production form before heading for a select group of customers in 2014. It does seem to have taken Porsche quite a while to get the 918 Spyder in production-ready guise  but it seems they may have been waiting to see what McLaren and Ferrari had up their collective sleeves before settling on a production specification for the 918 Spyder.

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.

Nissan's Google Glass rival keeps you connected to social media [w/Video]

Nissan will premiere a wearable heads-up display (HUD) at next week's Tokyo motor show. The Google Glass-like 3E prototype can connect to the Internet in real-time, allowing users to overlay information onto the lens, record projected images and communicate with others by sending information to their device. This is likely to include vehicle performance analysis and the driver's vital signs as well as social media feeds for increased connectivity if its recently released Nismo smartwatch is anything to go by.