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Tesla repays government loans – a first, say Tesla. Chrysler disagree.

2013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.

News watch July 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 July 2010• Renault has reported a net income of €823 million – with an operating margin of 4% and sales up 22% globally. Its worldwide market share now stands a whisker up at 3.8% (Renault)• La Regie said its business was performing much better than during the same period last year, when the recession bit into its profits.

Seat Announces Hot New Leon Pairing

SPANISH car maker Seat has announced details of two hot hatch versions of its popular new Leon model. The Leon Cupra and Cupra 280 variants boast 265 and 280 horsepower respectively, while the latter assumes the status of the most powerful Seat to date. Both are positioned above the current FR trim level.