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Ford Transit to replace Econoline van in 2013

Ford is finally putting the Econoline out to pasture. The full-size van has been has been available in one form or another since 1961. The E-series will be replaced by the European-designed Transit van, which will arrive with a global platform in 2013.

Court order BANS publication of VW’s Luxury car security codes

Bentley is just one of VW’s marques whose security has been compromised There have been plenty of stories around in recent years of car makers’ security systems being easily hacked by spotty boys with a laptop, and now a scientist at Birmingham University has cracked VW’s Megamos Crypto system that protects cars like Bentley and Porsche. Flavia Garcia has cracked the code that transmits between VW’s luxury cars – like Bentleys and Porsches – and the key fob, which potentially fatally compromises VW’s security. Garcia had planned to publish his paper on the fatal flaws in the Megamos Crypto system at the Usenix Security Symposium in Washington next month, but a judge has put the kybosh on that.

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.