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Caterham AeroSeven Concept [w/Video]

Caterham has unveiled its motorsport-inspired AeroSeven Concept road car at the Singapore Grand Prix. The two-seater concept previews the carmaker's future engineering and design direction for models including the sportscar being developed in collaboration with Renault for early 2016. The AeroSeven Concept is going into production next year and is the first model to be designed and developed with input from all three of Caterham's divisions: Caterham Technology and Innovation, Caterham F1 Team and Caterham Cars.

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.

2104 Mercedes C-Class: First exterior photos leak

Mercedes started to tease the 2014 C-Class last week, followed quickly by the first official interior photos of the new C-Class. Now we get the first leaked photo of the exterior. Looking very much like an evolution of the current C-Class – but with overtones of both the CLA and new S-Class – the new C-Class is going to have to be special to compete not only with the BMW 3 Series but also Mercedes own A-Class range.