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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.

Syd Mead exhibition opens in New York

A selection of the work of Syd Mead – the designer behind some of the most iconic vehicles in films such as Blade Runner and Aliens – has gone on display at the BravinLee Gallery in New York. The exhibition of the works, which span the forty years of his career to date, is sure to excite fans of the visionary designer, who continues to inspire designers young and old. Daniel Simon, the concept designer behind such films as Marvel's Captain America and TRON Legacy, for example has worked closely with Mead.

Hyundai integrates Smartphones in to their cars

Hyundai is harnessing the power of the Smartphone to make in-car information and driver settings integrate seamlessly. For those of us old enough to remember the first mobile phones – and the first home PCs – the realisation that we’re all walking round now with Smartphones that have more processing power than it took to put a man on the moon is almost mind boggling. Sadly, most of us use just a fraction of the capabilities of our phones, but the fact we have all that clever tech tucked in our trouser pockets gives car makers the opportunity to harness it to provide more functionality for their cars.