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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.
Automotive review of 2013: the best - and worst - cars and motoring moments
Fri, 27 Dec 2013This year marked the 60th anniversary of the Corvette, and Chevrolet marked the occasion in style by launching an all-new model back in January 2013 – the seventh generation of the 'Vette. Instantly recognisable as a Corvette, the new model packs a 6.2-litre V8 rated at 460bhp. Best of all though is the news that the road racer will reach UK dealerships next autumn, priced from £61,495.
Catrinel Menghia. Leather. Abarth 500. Mix & Serve.
Tue, 01 May 2012Catrinel Menghia - back with more adverts for the Abarth 500 Fiat has turned to Romanian stunner Catrinel Menghia once more to inject some sexiness, leather and the odd slap to the Abarth 500. Fiat tried to get America to fall in love with the 500 by getting Jennifer Lopez to strut around with their new baby. But it wasn’t exactly an overwhelming success.