1981-1987 Chevy 250 Strait6 Fan Clutch And Fan 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.

Volvo S90, V90 and V90 Cross Country on the way

The Volvo V70 (pictured) will become the new Volvo V90 All the talk for Volvo lately has been the new 2015 Volvo XC90, an impressive offering that really does look like it will take the fight in the ‘Premium’ SUV market to the Germans (and even to Land Rover). But the new XC90 is just the start of Volvo’s new model line-up, and the next couple of years will see more new models arriving with Volvo’s new Scalable Product Architecture (SPA) and the new range of 4-cylinder, 2.0 litre engines. What we now also know, thanks to Volvo’s Dennis Nobelius, is that the replacements for the S80, V70 and XC70 won’t use the current nomenclature but will be given new names to better reflect their upmarket aspirations (and their place in Volvo’s new line-up).

Mercedes CLA45 AMG: New York Auto Show 2013

The Mercedes CLA 45 AMG – Mercedes 4-door swoopy coupe version of the A45 AMG – has been officially revealed at the 2013 New York Auto Show. There was a time when smallish, powerful, four-door cars were a big deal, but as time has gone on that’s changed, with only the Japanese left to fly the flag. Now, with the demise of the WRX, that’s ending too.