Polaris Indy 500 Liquid 1995 Muffler on 2040-parts.com

Big fall in insurance premiums

DRIVERS are set to be quoted happy after it was revealed that insurance premiums have fallen by more than 14% over the last year. The typical quote for annual comprehensive car insurance cover was £533 in January, which was also a record 4.6% slide on the previous quarter, according to the latest AA Insurance premium index, which takes the average of the five cheapest quotes on the market. The AA British Insurance Premium Index, which has been running for 20 years, found that the North West remains the most costly region to insure a car, with the average premium for someone who shops around standing at £809, although this region also saw the biggest price drop over the past quarter at 6.3%.

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.

Bloodhound SSC – 1000mph World Record plan

The Bloodhound SSC – aims to hit 1,000mph   The current world record stands at a relatively measly 763mph (measly certainly in comparison to the target set by the Bloodhound SSC Team) and the technical obstacles the Bloodhound team has had to overcome to get their record attempt on target have been substantial. The Bloodhound design has gone through ten evolutions in the last year and has now settled on a plan that has overcome initial obstacles. The first evolution of the Bloodhound saw the 200kg rocket sat above the EJ200 Eurofighter Typhoon jet engine, but that didn’t develop sufficient thrust.