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Tesla pays off its government loans
Thu, 23 May 2013Tesla 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.
Jaguar C-X17 concept (2013) full details on new aluminium chassis
Mon, 09 Sep 2013Jaguar’s C-X17 crossover concept might have show-stopping looks, but it’s what will lie beneath the production crossover – thought to be called QX – that’s just as intriguing: an all-new aluminium platform, dubbed ‘iQ Al’. It’s a clean-sheet design, with double-wishbone suspension up front, and a multi-link axle at the rear. For more unseen location photos and an in-depth feature, pick up the October issue of CAR magazine, out Wednesday 18 September Jaguar C-X17 crossover concept: the lowdown on the ‘iQ Al’ aluminium platform ‘It had to be a clean-sheet design to reach our goals,’ says Jaguar vehicle line director Kevin Stride.
BMW 3-series Gran Turismo (2013) first official pictures
Thu, 07 Feb 2013This is the latest member of the BMW 3-series family: the taller, roomer 3-series Gran Turismo. BMW claims the 3GT is designed to give the dynamic handling of a saloon, the rakish looks of a coupe and more space than an estate. Has BMW found the Holy Grail, or is this a case of Jack of all trades and master of none?