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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.
SEAT’s future model plans
Mon, 16 Dec 2013SEAT Last week MSN Cars went to visit SEAT at its major base of operations – the Martorell factory in Spain. Here we spoke to CEO Juergen Stackmann and executive vice president for research and design Dr. Matthias Rabe about the brand’s future model plans.
CDN-Interior Motives China Conference 2014 – Day 2
Wed, 23 Apr 2014Chris Bangle gave those contemplating a lie-in after the first day of the CDN-Interior Motives conference the incentive to grab a front-row seat for his opening keynote. Thought-provoking, clear and inspirational as ever, we will cover Bangle's 'State of the Union: Time for Deep Car Design?' presentation in a separate feature. There's simply too much to cover in detail to include here.