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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.

The Name Game: Why the next Buick will be called the Verano

Verano means “summer” in Spanish, though it could easily be a type of coffee or even a brand of crystal. But the idea behind the latest Buick was to snare an upscale, forward-sounding name to lure to new customers. Buick could have gone with an alpha-numeric designation, or even dipped into its heritage for a storied moniker from the past.

BMW's quirky new i3

The side view of the new BMW i3 electric vehicle takes some getting used to, with no two windows the same size or shape. The i3 is high-waisted through the front door and then there's a notch for a taller rear-passenger window and the rear-hinged rear door and a narrow, tapering window at the rear quarter. Yet when you look at the underlying structure -- made of carbon-fiber-reinforced plastic -- an innovative choice for a mass-produced car -- there's a giant side opening from front to rear.