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Toyota, Nissan shift gears and boost incentives

A day after announcing that its North American factories would be cranking up production sooner than expected, Toyota Motor Sales U.S.A. unveiled a series of regional cash, interest-rate, and lease incentives on most of its vehicles. Nissan Motor Co.

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.

Mercedes Benz to build fifth model in U.S. The new Mercedes MLC Coupe, perhaps?

Mercedes US to build a 5th car - the ML Coupe? Although we all like to think that cars are built in the car makers home country, that’s increasingly not the case. A good case in point is the very German Mercedes Benz, which builds three models in the U.S.