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Hot Octavia now with diesel power
Fri, 18 Aug 2006By Phil McNamara Motor Industry 18 August 2006 09:01 A grunty, 170bhp diesel engine will join Skoda's high performance vRS range in September. The engine will be available in the Octavia hatch and estate, priced at £18,370 and £19,200 respectively. The 2.0-litre TDI kicks out 258lb ft, more twist action than a BMW 330i.
Tesla pays off its government loans
Thu, 23 May 2013Tesla 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.
Peter Schreyer to receive 2014 EyesOnDesign Lifetime Design Achievement Award
Fri, 15 Nov 2013Peter Schreyer has been chosen by a panel of his fellow designers to receive the 2014 EyesOnDesign Lifetime Design Achievement Award. Schreyer, Kia and Hyundai's chief design officer and one of three presidents, directs the design strategy for the both Kia and Hyundai. He's the first non-Korean to hold the position of president and is one of the highest-ranking designers in the industry's history.