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Volkswagen E-Bugster

The Volkswagen E-Bugster concept is a show car preview of the upcoming Beetle cabriolet. The E-Bugster is essentially the same Beetle that debuted at the Shanghai Auto Show last year below its beltline but above it a more steeply raked and shallower windscreen determine its new character. This, in combination with the hard top fitted to the show car creates a silhouette 400mm lower than the standard car, giving it a hint of SoCal speedster.

McLaren F1 GTR sells for record amount in Scottsdale

One of the most successful McLaren F1 GTR race cars sold at the Gooding & Co. Scottsdale auction over the weekend, bringing in $5.28 million. This 1997 F1 GTR is one of 10 longtail cars built for the 1997 FIA GT season, and it's one of only 28 made in GTR-competition specification.

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.