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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.
Fiat 500C Abarth coming?
Tue, 21 Jul 2009It looks like Fiat are planning an Abarth version of the 500C for 2010 But the best comparison to the Fiat 500 on the market is the MINI. Fiat are obviously taking a leaf out of the MINI handbook of marketing by throwing special editions like the Fiat 500 Abarth Cometizione on to the market. And now it looks as if they’re following the MINI route by introducing a hot convertible – The Fiat 500C Abarth.
Videos: Chris Bangle shares his views on design and the future of car design
Wed, 26 Oct 2011Chris Bangle is a man that needs no introduction on these pages. Both revered and castigated, Bangle's work has undoubtedly been influential for a generation of designers. His unconventional practices – employed at a time when design was still largely segregated from other departments during the development process – yielded many avantgarde and contentious designs, but Bangle's fundamental understanding of the design process, creative vision and desire for change can never be cast in doubt. While Bangle shares his views on the future of the car in the video to the right, the video to the left provides an insight into the former BMW design chief's thought processes and gives us a glimpse into his home and studio in the Piedmont region of northern Italy.