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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 A3 Saloon arrives in the UK from £24,275

The Audi A3 Saloon (pictured) arrives in the UK Audi isn’t afraid of covering every possible niche in its ambition to be the world’s top ‘Premier’ marque, so we now get a third body shape for the new A3 – the Audi A3 saloon. Designed to sell in markets that prefer a traditional 3-box car to a hatch – like the US and China – Audi still believes there’s a market for an A3 with a boot in the UK, so the new A3 Saloon arrives on sale with a choice, at least initially, of three engines – two petrols and a diesel. Cosmetically, apart from the addition of a boot, the A3 Saloon gets more pronounced curves, bigger wheel arches, new shapes on the bonnet, new bumper, new lights and a boot spoiler.

Dodge lands anchorman Ron Burgundy as spokesman

Dodge landed legendary anchorman Ron Burgundy as its new spokesman for the 2014 Dodge Durango. Will Ferrell's character will host several spots shown on broadcast, cable, and on the Internet at funnyordie.com or burgundydodge.com. The 2014 Dodge Durango is on sale now with a base price of $30,790.