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Mini brand to get turbo three-cylinder engine

BMW confirmed the Mini brand will also get BMW's new, turbo three-cylinder engine in upcoming models to be named later as part of a new family of engines for both brands that also includes an all-new four-cylinder. The company won't say which future models get the new three-cylinder other than the already announced BMW i8 plug-in hybrid. It arrives in the spring of 2014.

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.

Corvette deemed too much car for some Manchester United players

Apparently, Sir Alex Ferguson, the team's manager, believes that Chevy's most potent offering is a bit more than some of his young players will be able to handle. According to the Daily Mail, Chevrolet has offered the soccer team's top stars their pick of Chevrolet models, but the infamously strict Ferguson has issued an edict that no player under age 23 will be allowed to order a Corvette. Reports that effected players reacted to the news by flopping to the ground and tearfully writhing around could not be confirmed as of this writing.