Olds Factory Sales Literature 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.

Poll: Fiat Panda vs. GW Peri

In China it may be considered flattery to copy another car company's design. In the European Union however, this is frowned upon. Last month a court in Italy ruled that the Great Wall Peri could not be sold in Europe as it was too similar to the Panda built by Fiat.

Lotus Elise Club Racer Launched

The Lotus Elise Club Racer Lotus may have plans to be the next Aston Martin, but for now it’s stuck with an Evora that’s not selling as well as it should and an Elise that is basically the same as the car that launched a decade ago. The plan with the Evora – apart from the rather odd move of getting Mansory to tart up an Evora – is to get the Germans in to give the Evora’s interior some class. As for the Lotus Elise, all there really is to do – because it has a hard-core clientele anyway – is to divvy up the odd special.