Vintage Sears Trolling Motor on 2040-parts.com

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.

Ferrari FF (2011) at 2011 Geneva motor show

This, believe it or not, is the new Ferrari FF – it’s the Prancing Horse’s replacement for the Ferrari 612 Scaglietti. FF stands for Ferrari Four, to designate that this new GT features both four seats and Ferrari’s first ever four-wheel drive system. Why has Ferrari built this car?

BMW X5 (2010 / 2011) Revealed

The BMW X5 2010 / 2011 Facelift Update: We now have high-res pictures and UK details and prices for the 2010/2011 BMW X5. I know, to us in the UK – and Europe for that matter – this is the 2010 BMW X5. But for readers on the other side of the Pond this is the 2011 BMW X5 as it won’t start hitting the roads until later this year.