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Tesla repays government loans – a first, say Tesla. Chrysler disagree.

2013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.

Toyota halts Lexus GX460 sales worldwide

The 2010 Lexus GX460. Sales have been halted due to safety concerns 2010 is turning in to Toyota’s ‘Annus Horribilis’. Its formerly untouchable reputation for producing bullet-proof cars has been severely damaged by the ‘ThottleGate’ problems, with more damage to Toyota’s reputation being caused by their failure to address a problem they seemed to be all too aware of, rather than the problem itself causing the damage.

Ford to launch 25 new models in Europe in next 5 years

The new Ford S-mAx (pictured) is just one of 25 new Fords heading for Europe Ford of Europe has had a miserable time of late, with the European market in disarray as the Eurozone crisis continues to rumble and car buyers on the continent shy away from big ticket purchases. But, just as they did in the US, Ford are making plans to cash-in when the Eurozone economy improves in the coming years (not that that’s an absolute given) and are going to ready with a raft of new models to tempt mainstream buyers when economies start to grow and car finance becomes a realistic option for more once again. Barb Samardzich, Ford’s head of product development in Europe, says Ford are planning to make their portfolio of products the best ever in anticipation of a recovery, with a huge 25 new models launching over the next five years, and they will be additions to the Ford line-up or new generations, not variants.