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Renault Twin-Z concept (2013) first official pictures

This is the Renault Twin-Z concept (say it 'Twin-Zee'). Although it packs the usual concept car madness of suicide doors, a pared-back cabin and LEDs everywhere, it actually previews the look – and drivetrain – of the next Renault Twingo. The big news is that it'll be rear-engined, rear-drive, and offer an electric option for less money than the £13k Renault Zoe EV.

Chevrolet Cruze gets better fuel economy for the 2012 model year

The 2012 Chevrolet Cruze is making a run at its Eco brother, with a highway fuel-economy rating of 38 mpg with an automatic transmission, 2 mpg more than last it got last year. A manual transmission is now more widely available on the Cruze, according to the General Motors ordering guide. The 1LT and 2LT models will now be available with the six-speed manual, which should increase the fun quotient with the turbocharged 1.4-liter engine.

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.