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2014 Skoda Octavia vRS to debut at 2013 Goodwood Festival of Speed

The new Skoda Octavia vRS will debut at the 2013 Goodwood Festival of Speed in July and is expected to offer petrol and diesel options. We had the reveal of the new Skoda Octavia back in December, and the Octavia Estate got its reveal in February. So all that’s missing is the performance end of the new Octavia range – the 2014 Skoda Octavia vRS.

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.

Ferrari Scuderia Spider 16M (2008) first official photos

By Ben Pulman First Official Pictures 09 November 2008 12:36 These are the first pictures of the new Ferrari Scuderia Spider 16M, essentially a drop-top version of the sublime 430 Scuderia. Unveiled this past weekend at Ferrari’s World Finals end-of-season gig at Mugello, just 499 Scuderia Spider 16Ms will be built, each costing over £180,000. Ferrari says its latest model has been built to celebrate the Prancing Horse’s 16th F1 Constructor’s title, hence the ‘16M’.