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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 all-new 2015 Chrysler 200 is finally here

Today at the Detroit Auto Show, Chrysler has official taken the covers off the new Chrysler 200 sedan. It's a complete redesign, not a facelift -- and it's here not a moment too soon. The first generation of the Sebring-derived 200 may have had some impressive ad campaigns to stoke its sales, but at the end of the day the car was never really a hot seller.

One Lap of the Web: California, Corvette

-- Los Angeles is a city so tied to dysfunctional traffic that locals give it nicknames. Carmageddon, Rampture, Carmageddon II -- construction closure names become coping mechanisms. Hence Jamzilla, the name given to the closure of the 405 Freeway this long President's Day weekend, serving to impede the wanton roaming of Angelenos just when they finally have time to do so.