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Delorean saloon plans up at auction

By Tim Pollard Motor Industry 06 February 2007 02:42 Rare sketches from John Delorean's personal notes have ended up on Ebay - revealing plans for a 1970s 'luxury sedan'. If the notes are genuine, they include 24 pages of writing and sketches made between October 1976 and December 1976. They're claimed to have come from the corporate records of the Delorean Motor Company, which were seized as a result of bankruptcy in the early 1980s.

Hybrid owners sue Ford over Fusion, C-Max mpg claims

Pennsylvania car owners are suing Ford Motor Co., claiming that the 2013 Fusion hybrid and C-Max hybrid are not delivering on promised fuel-efficiency figures, according to a report from Bloomberg. Both hybrid models are advertised to return 47 mpg, but the owners say that number is inflated to seem more competitive among other midsize sedans, according to their court filing. The complaint says car owners who have submitted estimates to a fuel-economy tracking website averaged 38.5 mpg, a 10-mpg difference that can cost an additional $1,800 in fuel costs over five years, Bloomberg reports.

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.