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Happy Christmas to all CAR magazine readers!

Here's wishing all CAR magazine and online readers a very happy Christmas. Thanks for your support in 2012 - we're grateful for your contributions and posts, insightful letters and forum blogs over the past year. CAR Online will continue to operate over the Christmas period, so come back daily for more motoring news, reviews, blogs and scoops over the next week.

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.

UK 2011 car sales analysis: winners and losers

The UK car market fell 4.4% in 2011 to its worst year for at least a decade. Brits bought 1,941,253 vehicles last year as private motorists put off that new car purchase and stuck with their existing wheels or went secondhand. Retail sales took the brunt of the fall, with a 14% collapse on 2010's figures.