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Lamborghini Gallardo (2012) new Spyder and Super Trofeo racer

Lamborghini has pulled the wraps off a facelifted version of the Gallardo Spyder, just a couple of weeks after showing the restyled coupe at the 2012 Paris motor show. We've also been given our first look at the revamped Super Trofeo racer, which gets similar styling tweaks and an improved aero package. First up, the facelifted soft-top Lambo Or, to give the car its full moniker, the Lamborghini Gallardo LP560-4 Spyder.

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.

Speedy green: Italdesign-Giugiaro's Frazer-Nash Namir

Whatever uncertainties await us on the other side of oil, there will still be speed. If the Frazer-Nash Namir is any indication, there will still be a frightening amount of it. One of the stars of this year's Geneva motor show, the Namir points the way to a responsible generation's supercar--and sets out to prove the technology for its mass-production cars, too.