Yamaha Marine 90464-13007-00 90464-13007-00 Clamp on 2040-parts.com

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.

SEAT Leon Cupra R – Frankfurt catchup

The SEAT Leon Cupra R making its official debut at Frankfurt We thought we’d vindicated ourselves yesterday with our report on the SEAT IBZ Concept from Frankfurt. We knew we’d missed out covering SEAT, but the IBZ was the main launch. But apparently not.

Caterham Seven Supersport R (2012) first pictures

It's certainly been a busy week for Caterham. Just a few days ago the company announced its partnership with Renault to create a new range of Alpine sports cars, and now the Surrey-based outfit has gone back its roots to develop an even more hardcore version of the Seven Supersport. Called the Caterham Seven Supersport R, the lightweight special gets an engine capacity increase and power bump over the regular car, but carries over its racing car-derived suspension.