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Porsche 918 Spyder details emerge in leaked document

Rennteam.com forum member Rossi has posted what looks to be leaked details of the Porsche 918 Spyder hybrid. We know much of the information, but we're psyched to learn that it only comes in left-hand drive. Other surprises include the quick charger that reduces charge times about 30 minutes and the inclusion of Sail Mode, which decouples the transmission from the engine to conserve fuel.

MG CS SUV Concept heading for Shanghai Motor Show

MG are still struggling to make much of an impact on the car landscape, but one car that could change that is a funky urban crossover / SUV to give cars like the Nissan Juke a run for their money. That looked to be on the cards last year when MG turned up at the Beijing Motor Show with the MG Icon, an SUV.Crossover Concept that took the ‘Ugly but Cute’ style cues from the Juke but grafted on a nose that looked like it could have come from MG’s sports car past. The Icon was a decent effort – and even won an award for ‘Best Concept’ at Beijing from Autoweek – but it looks like MG has decided the design of the Icon was just a bit too radical, so they’ve toned it down with a new concept heading for this year’s Shanghai Motor Show – the MG CS Concept.

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.