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BMW at the Geneva Motor Show: BMW 5 Series Hybrid Revealed

The BMW 5 Series Hybrid As we reported in December, with a couple of days to go to the Geneva Motor Show BMW have revealed that the new BMW 5 Series (2010) will have a Hybrid added to its ranks. Actually, they haven’t said that – the 5 Series Hybrid Concept they’re taking to Geneva is labelled a Concept – but we all know it’s what they mean. The 5 Series Hybrid will join the X6 Hybrid and the 7 Series Hybrid when it goes on sale, probably in 2011.

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.

Plans To Drop Congestion Charge Pay-By Text

TEXT messages are to be dropped as a way for drivers to pay for their congestion charge under plans being considered by Transport for London (TfL). A new Smartphone app may replace text messages, which make up around 400 out of the 130,000 congestion charge payments made each day. TfL, which is launching a six-week consultation ending on September 12, describes texts as an "under-used SMS payment service" and claims the app would enable drivers to carry out a wider range of tasks.