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Ford tops Scrappage Scheme

Ford have made 14,000 sales under the Scrappage Sheme Ford – who are the biggest car seller in the UK anyway – are, not surprisingly, coming out on top in the Scrappage wars. They’ve managed to shift over 14,000 cars under the Scrappage Scheme in the last few months, and orders are coming in at the rate of 300 a day. Top seller is the new Ford Fiesta, with a healthy dose of Fiesta sales being the Ford Fiesta ECOnetic.

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.

Fifth Gear on TV – the Return

Fifth Gear Returns to TV in April with a new format Fifth Gear was everyone’s second favourite car show on TV. And that second favourite label seemed to be its undoing when FIVE decided last year to ditch the show after it failed to make any impact on the ratings against everyone’s favourite car show on TV – Top Gear. But FIVE (channel five if we ditch the trendy CAPITALS) have had a change of heart, done a syndication deal or two for Fifth Gear and are putting together a new series (they’ve actually commissioned two of them) which should hit TV screens at the end of next month.