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Bertone Nuccio

Bertone will launch its latest car, the Nuccio at the 2012 Geneva motor show. The car has been built for an individual private buyer, and named after Giuseppe Bertone whose nickname was Nuccio. Bertone says the car's surface language is representative of the brand's future identity, whilst the low, angular silhouette is an echo of the wedge shaped cars that helped define the design house.

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.

SECOND-HAND CAR MARKET REVS UP

THE SECOND-HAND car market is accelerating again, according to latest figures. A total of 1.8 million used cars were sold in the period July to September 2010 - a 4% rise on the same period in 2009, statistics from information services company Experian showed. The summer 2010 figure was 1.1% higher than the figure for the previous three months of April-June 2010.