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Chevrolet Corvette Stingray costs £61,495

The new Chevrolet Corvette Stingray will cost £61.5k in the UK The 2014 MY Corvette Stingray arrived at the Detroit Motor Show in January, and now it’s arriving in the UK. The new Stingray comes with a 6.2 litre LT1 V8 offering a modest (for its size) 455bhp and 460ln/ft of torque, enough to get the Stingray to 60mph in under 4 seconds and, say Chevy, still offer ‘improved’ economy over the old model. In the real world, though, that probably means under 20mpg.

Lamborghini 350 GT, Jalpa featured at Techno Classica Essen

Techno Classica Essen is going on as we speak at Messe Essen in Germany. It offers a bit of everything -- a sort of car and motorcycle show mixed with a swap meet and a club meeting. And Lamborghini is there displaying its beautiful 1964 350 GT and a 1981 Jalpa.

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.