Nissan Serena 2006 Rear Left Combination Lamp [1915600] on 2040-parts.com

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.

Audi TT ultra quattro concept sheds 300kg & heads for Worthersee

The TT ultra quattro concept manages to tip the scales at 1111kg, 299kg less than the starting point – the TT S quattro – thanks to a new version of the TT’s aluminium space frame, carbon fibre reinforced plastic panels, carbon fibre for many body panels and some judicious use of magnesium. Other weight saving tricks include carbon ceramic brakes with aluminium calipers, titanium exhaust, cameras instead of heavy door mirror mechanisms, and carbon fibre and aluminium wheels. The weight saving extends to the interior of the TT ultra quattro concept too, with carbon fibre used for the door and centre console trims and glass-fibre reinforced plastic base for the seats which saves 22kh alone. But despite the weight savings Audi hasn’t made the TT ultra quattro concept a hair shirt outing with goodies like leather seats, AirCon and electric windows still on offer.

Facelift Jaguar XK spotted

We’ve seen a few shots of the facelift for the Jaguar XK recently, but this is the first un-disguised car we’ve come across. The obvious at first view are the new vents in the front, but it’s a bit more extensive than that. The whole car has been tweaked to give a more current style, and there are LED lights at the back and indicators in the door mirrors.