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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.
JLR Factory plans on track – Sunday Times story rejected
Mon, 19 Apr 2010JLR's UK restructuring is on track despite the stories in this weekend's press Back in September, JLR (Jaguar Land Rover) announced that it intended closing one of its Midlands factories as part of a long-term plan to breathe new life in to the future of JLR. We dutifully reported that but confess we took the easy ‘Bad News’ tack on the story. It was obvious; JLR are closing a factory ergo bad news.
Who's Where: Giles Taylor appointed Rolls-Royce Motor Cars design director
Wed, 27 Jun 2012Giles Taylor has been appointed Rolls-Royce Motor Cars design director, with effect from 1 July 2012. He previously held the position of head of exterior design. Taylor will report directly to senior vice president BMW Group design, Adrian van Hooydonk and will replace Ian Cameron who retires from his position to become a brand ambassador until his retirement in April 2013.