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Toyota Yaris Hybrid will cost under £15,000
Fri, 24 Feb 2012The Toyota Yaris Hybrid will cost less than £15k Toyota has announced that the 2012 Toyota Yaris Hybrid will cost ‘under’ £15,000, with first customer cars arriving in July. Unlike much of the rest of the world, the UK is not getting the more compact Prius C. Instead, we have a much better option – the Toyota Yaris Hybrid – which we now know will cost ‘under’ £15,000.
McLaren Automotive Company created as an independent
Thu, 16 Apr 2009The McLaren P11 will be the first of McLaren Automotive's new cars in 2011 The whole road car business at McLaren is to be made an independent company – McLaren Automotive – and is aiming to produce 1,000 cars a year by 2011 and 4,000 a year by 2015. McLaren plans that the cars they produce will be more exclusive, and more expensive, than the competition from Italy. The ball will start rolling with the McLaren P11, a car aimed squarely at the F430/Gallardo market.
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.