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Volkswagen Iroc concept (2006): first official pictures

By Phil McNamara First Official Pictures 24 August 2006 08:01 The lowdown This is the Iroc, a sexy successor to the Scirocco coupe that Volkswagen will launch in 2008. Officially, the Iroc is a concept car, but make no mistake, this dynamic three-door is heading for production. The design doesn't share many obvious styling cues with the 1974 original.

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.

Top Gear Best of British Cars Parade on the Mall (video)

Top Gear Best of British Cars Parade on the Mall The new series of Top Gear (Series 20) starts next Sunday, and it looks like the segment on the new Jaguar F-Type is going to be Top Gear’s most ambitious shoot yet. Jeremy Clarkson Tweeted the photo above of the line-up on the Queen’s front drive (The Mall) as Top Gear seem to have dragged just about every British built vehicle with an engine and wheels out to play. Apart from the trio of F-Types leading the procession, there’s everything from a McLaren P1 – and a couple of 12Cs – by way of an Aston Martin One-77 to fire engines, Nissans, lawn mowers, motorbikes, a selection of F1 cars from Red Bull, McLaren et al, and any other metal you can imagine.