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Vette plant to build high-performance engines

General Motors is moving its Performance Build Center, which let enthusiasts pay $5,000-plus to build the high-performance engine for their Chevrolet Corvette, from Michigan to the Corvette assembly plant in Bowling Green, Ky. The move is expected to be completed by spring 2014. It will let a Corvette buyer build his own engine, with help from a GM technician, and then see it installed in his car as it goes down the Bowling Green assembly line.

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.

UK commuters spend 10 days a year in traffic

We’re now wasting more time stuck in traffic than ever before, as last year the average car journey took 27% longer than it would have done if the road was clear. That’s a rise of 1% compared to 2012, while the report by TomTom also found that 10 of the UK’s biggest cities now have more congestion than they did 12 months ago. Europe’s top 10 most congested cities Fewer people commuting but distances on the up London, Brighton, Sheffield, Nottingham, Leicester, Birmingham, Portsmouth, Cardiff, Belfast and Southampton have all seen traffic levels increase, while Edinburgh, Manchester, Liverpool, Newcastle and Glasgow failed to improve.