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Range Rover Sport sets desert crossing record

A RANGE Rover Sport has set a new record for the fastest crossing of one of the harshest desert environments on Earth. The new off-roader, which was standard apart from an additional protection plate under the chassis, crossed the Empty Quarter in the Middle East between Wadi Adda Wasir in Saudi Arabia and the border of the United Arab Emirates in 10 hours and 22 minutes at an average speed of 51.87mph. Covering 530 miles en route to the new record, the Range Rover Sport was driven by veteran Dakar rally expert Moi Torrallardona, a man who understands everything there is to know about driving large off-road vehicles in demanding desert conditions.

Chrysler's new problem is a shortage of vehicles

A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities. At the end of July, Chrysler had only a seven days' supply of Jeep Patriots, or 2,200 units, in dealer stocks. Sixty days is considered normal.

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.