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Lamborghini 350 GT, Jalpa featured at Techno Classica Essen

Techno Classica Essen is going on as we speak at Messe Essen in Germany. It offers a bit of everything -- a sort of car and motorcycle show mixed with a swap meet and a club meeting. And Lamborghini is there displaying its beautiful 1964 350 GT and a 1981 Jalpa.

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.

CPP announces new Jensen Interceptor

Coventry Prototype Panels is on an impressive roll. Following heady investment from its Russian investor and a passionate drive from its founder and Managing Director, Brendan O'Toole, the coachbuilding specialist has expanded rapidly over the past two years, acquiring brands and forming partnerships. The latest chapter in the ongoing development of the company aims to resurrect not only the Jensen brand, but also its most famous creation: the Interceptor.  The new car, set to publicly unveiled in late 2012, has been penned by Coventry-based design consultancies and echoes the original built between 1966 and 1976.