Grand Dodge Caravan 96-00 Rear Hub Assembly on 2040-parts.com

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.

Mitsubishi subcompact hinted for US

Desperate for new models to bolster their limited lineup, Mitsubishi dealers recently got a glimmer of hope with news that an entry-level sedan may arrive stateside in 2015. The dealers were shown a rendering of the subcompact at the brand's regional dealer meetings held during the first two weeks of April, according to attendees and Mitsubishi Motors North America. The company told dealers it is targeting a 2015 release for the vehicle, attendees said.

Rolls-Royce RR4 preview

Rolls-Royce Motor Cars today revealed the first design sketches of its next new model. Known internally as the RR4, the car is due to be launched in 2010 and will sit alongside the Phantom in the model line-up. The RR4 will be smaller than the Phantom and powered by a new engine, unique to Rolls-Royce.