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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.

Brabus upgrades Mercedes-Benz SL Roadster

German tuner Brabus has added the 2013 Mercedes-Benz SL Roadster to its stable of upgradable cars. The horsepower wizards from Bottrop, Germany, wrung 520 hp from the SL's 4.7-liter bi-turbo V8, which should be good enough for a top speed of 186 mph. The Brabus B20 PowerXtra module is responsible for the 85-hp increase and the 88 lb-ft of extra torque.

Mercedes CL facelift (2010): first official photos

This is the newly facelifted Mercedes CL500; although previously tipped to be called the S-Class Coupé, Mercedes stuck with the original name after all. Alongside the soon-to-be industry-standard daytime running lights and updated grille, lights and exhaust, most of the changes on the new 2010 Merc CL are in areas you can't see. The biggest change is in the engine bay: out goes the old 5.5-litre V8 and in comes a more powerful and economical 4.7-litre bi-turbo.