Cs21214-3 Felpro 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.

High Country trim tops out 2014 Chevrolet Silverado lineup

The Chevrolet Silverado lineup has expanded for 2014, adding a High Country trim that tops out the pickup's lineup with a chrome exterior and premium engine option. Pricing hasn't been released, but the current Chevy Silverado tops out with the Z71 and LTZ trim, which can carry prices in the mid-$40,000 range. The High Country Silverado will be slotted above those trims, but below the 2014 GMC Sierra Denali, the top-of-the-line offering from Chevy's sister brand.

Porsche considers North America, China production to grow sales

Porsche may launch production in North America and China as part of a plan to double annual global sales to 200,000 units, CEO Matthias Mueller said. Mueller said the sports car maker's current German assembly plants in Zuffenhausen, near Stuttgart, and Leipzig, were too small for the brand to reach its ambitious goals. "We will consider this year whether to start production in Asia or North America," Mueller told the German magazine Focus in an interview published Monday.