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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.

VW to unveil Beetle Dune concept at Detroit Auto Show

The jury is out as to whether Volkswagen's Beetle Dune concept is more Frank Herbert or Bruce Meyers. Equipped with all mod cons, it’s a far cry from the simple, tough desert-race-inspired Bugs that popped up like aggro sandworms during the 1970s. On the other hand, it's still got four gasoline-burning cylinders and two-wheel drive.

New technology combats drowsy driving

Auto supplier Takata is introducing a new driver-alertness warning system to the commercial trucking industry to keep drivers awake. The SafeTrak electronic vision system sounds an alert if a trucker is driving erratically or unintentionally drifting from a lane. A recent AAA study for traffic safety found that drowsy driving is a contributing factor in 16.5 percent of fatal car crashes in the United States.