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Kia GT4 Stinger concept headed to Detroit auto show

The Detroit auto show is just a few days away, and Kia has shown us a glimpse of the concept car that it will be unveiling at the show on January 13th. Dubbed the GT4 Stinger, the concept is a low and wide 2+2 sports car, featuring an expansive grille framed by vertical LED headlights. Like the Kia GT concept we saw in Frankfurt in 2011, the GT4 stinger is supposedly rear-wheel drive.

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.

World's smallest car enters the record books

Texas is the US state that's big on… well, being big. So it's slightly surprising that a Texan has just entered the Guinness World Records book for creating the world's smallest roadworthy car. Is this his answer to our increasingly congested city streets?