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Tesla repays government loans – a first, say Tesla. Chrysler disagree.

2013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.

Capitol Hill notebook: Obama defends autos, Akerson defends the Chevrolet Volt

Less than 10 hours after President Barack Obama wrapped up his third State of the Union address, manufacturing and automobiles continued to command the spotlight on Wednesday in Washington. The day began with General Motors CEO Dan Akerson defending the Chevrolet Volt before a U.S. House committee hearing, saying he didn't want it to become a "political punching bag," according to testimony provided by the company.

Peugeot 908 RC concept

Following the 907 coupe concept shown in Paris two years ago comes the stylistically similar sedan concept, the 908 RC. Despite a three-box profile, the 5.5-liter V12 diesel engine is located behind passengers, putting out 700PS. Transversely mounted with a wide V angle, the engine still allows space for four occupants, with a trunk accessed via a motorised opening.