Cardone 66-8048 Cv Half-shaft Assembly on 2040-parts.com

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.

New Lexus LF-LC Concept at Australian Motor Show with 500bhp Hybrid powertrain

Lexus are teasing a new version of the LF-LC Concept with 4WD and a 500bhp hybrid powertrain for the Australian Motor Show. When Lexus revealed the LF-LC Concept at the Detroit Motor Show at the start of 2012 our collective jaws dropped. It was a stunning two door coupe with the nose from the GS, a profile that had hints of the LFA, a stunning interior and the hope Lexus were brave enough to put it in to production.

Volkswagen takes stake in Suzuki

VW takes a 19.9% stake in Suzuki We’re back on the co-operation and rationalisation path again, this time with Volkswagen and Suzuki, with the announcement that VW is to take a 19.9% stake in Suzuki, with Suzuki in turn re-investing up to half of the proceeds in to Volkswagen shares. This deal has been on the cards for some time but has obviously been pushed in to reality by the changing landscape for car manufacturers, where they seek to find a more secure future with takeovers, mergers and partnerships. Which is all very logical, even if it will inevitably lead to less choice for the car buyer in the long term.