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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.

Mercedes S65 AMG Coupe (2014) - the 621bhp Mega Merc

By John Mahoney First Official Pictures 14 July 2014 11:50 We’ve already driven the mighty 577bhp S63 AMG Coupe but now Mercedes has unveiled its flagship S65 AMG Coupe. Powered by a 6.0-litre twin-turbo V12, the S65 AMG produces 621bhp – 44bhp more than the S63 and 38bhp more than the Mercedes SLS supercar. This makes it, along with the S65 AMG saloon that shares its engine, the most powerful Mercedes road car of all time.

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.