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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 Camatte 57s concept

You may remember last year we reported the unveiling of a customizable, modular little concept car called the Toyota Camatte at the Tokyo Toy Show. This year Toyota has returned with an updated version called the Camatte 57s with more scope for families to personalize their space-framed little machines with a total of 57 external panels (as its name suggests) as well as the removal of the roof which apparently "adds to the fun factor and allows everyone on board to enjoy the colorful exterior they have created". Like last year's car the driving position can accommodate both adults and children with gown-ups sat in the right rear seat able to intervene should the infant pilots go astray.

BMW to invest £500 million in UK MINI production

David Cameron welcomes BMW's £500 million investment in the UK What’s going on? Two days on the trot we get good news about the UK economy. Yesterday we reported that Nissan are to invest £192 million to design and build the next generation Qashqai in the UK, and today comes confirmation from BMW that they will be spending £500 million over the next three years in the UK as they gear up for the next generation MINI.