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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.

New 2014 VW Golf R gets 296bhp – first photos

The 2014 Volkswagen Golf R (pictured) revealed ahead of its Frankfurt debut We had expected the new Volkswagen Golf R to debut at Geneva this year, but that debut turned out to be the rather disappointing Mk 6 VW Golf R Cabrio, that not only sacrificed 4WD but came at a silly price (which VW subsequently dropped by more than £5k). But this time there’s no mistake, and the 2014 version of the VW Golf R – complete with 4WD, we’re pleased to say -will arrive next month at the Frankfurt Motor Show before going on sale in early 2014. Under the bonnet the 2.0 litre petrol turbo delivers a healthy 296bhp (300PS) and 280lb/ft of torque which is sent to all four wheels through VW’s latest Haldex 4Motion 4WD, with the ability to decouple the back axle drive under low load conditions and send almost all the power to the back wheels too when demanded.

Interactive Audi Cam smoothes car repairs

Audi Cam system – now rolled out across Audi’s UK dealer network – smoothes repair flow decisions for customers. Last year Audi introduced Direct Reception technology across its dealer network, allowing customers to see and speak to the mechanics (sorry, technicians) as they work on a car. It’s a good way to pass the time if you have the time in the first place to sit in a dealer’s reception whilst your car is worked on, but it always seemed more a gimmick than anything else; a bit like the ‘Celebrity Chef Kitchen Table’ fad.