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Suzuki's C segment Crossover headed for Geneva
Thu, 07 Feb 2013Suzuki has released the first two images of its new C Segment Crossover ahead of its premiere at next month's Geneva show. Unfortunately, apart from the two renders Suzuki has revealed little else about the car other than the fact that it's based on the S-Cross concept that we saw at last September's Paris show. We'll only find out what the car's name is in Geneva.
Lada X-Ray
Fri, 31 Aug 2012Russian automaker AvtoVaz has unveiled the Lada XRAY concept at the Moscow motor show. It's the first concept to emerge from under the direction of AvtoVaz's new design chief, Steve Mattin. Previously Design Director of Volvo, Mattin has a strong history with the SUV breed – it was under his direction that the XC60 was developed while at Volvo, while in his role prior to that at Mercedes-Benz, he also worked on the ML-Class.
Tesla pays off its government loans
Thu, 23 May 2013Tesla 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.