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Jaguar F-Type V8 R planned by Arden

German tuners Arden are planning to deliver a Jaguar F-Type V8 R ahead of Jaguar with the promise of a 550bhp version on offer. The new Jaguar F-Type isn’t going to start arriving in the hands of customers for a few months yet, but that small detail isn’t going to stop the world’s car customisers planning a tweak or three to Jaguar’s new sports car. Arden – German tuners of British cars – has revealed plans to make the new F-Type V8 S in to something akin to what we expect Jaguar’s own top-end F-Type V8 R to deliver when it arrives – around 550bhp.

Mitsubishi Evo returns: new FQ-440 most powerful Evo ever

Mitsubishi has announced that the high-performance Lancer Evolution is returning to the UK – in a limited run of just 40 Evolution X FQ-440 MR editions, celebrating 40 years of Mitsubishi on these shores. As is par for the course for an Evo FQ, the 440 represents the horsepower, making this new car the most powerful Evo ever. But priced at £50,000 it's also the most expensive Evo ever.

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.