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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.

McLaren 12C Spider gets topless, goes sideways

McLaren has released a glossy launch video to accompany the release of the new 12C Spider supercar. It looks as if the boys and girls from Woking are determined to destroy the reputation for anodyne, 'boring' supercars at McLaren, given that the 12C Spider spends most of its time going very sideways in this clip. Then again, given the 12C Spider's hardware, it's not hard to see why it's such a lairy beast when off the leash.

Five questions with Jaguar's 1960s test driver Norman Dewis

Norman Dewis, Jaguar's test driver in the 1960s, played a pivotal role in the E-type launch at Geneva in 1961. Now a sprightly 93-year-old, he recalls that day for AutoWeek. AutoWeek: What was your role in the E-type launch?