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Tesla pays off its government loans
Thu, 23 May 2013Tesla 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.
Bugatti Veyron L’Edition Centenaire – first photo
Sun, 26 Apr 2009Bugatti L'Edition Centenaire at Villa D'Este [ad#ad-1] We told you a couple of days ago about the latest in a long list of Bugatti Veyron special editions – The Bugatti Veyron L’Edition Centenaire. Well, all we could really show you then was a scan of the brochure for the car. After all, Bugatti wanted to keep the car secret prior to its showing at this weekend’s Concorso d’Eleganza Villa d’Este in Cernobbio, situated rather prettily by Lake Como, and hadn’t issued any pictures.
Mini Coupe (2011) specifications announced
Mon, 06 Jun 2011Mini has announced the basic specifications for the upcoming Mini Coupe, due to launch later in summer 2011. Mini Coupe: the spec levels The car will be available in four specification levels, starting with Mini Cooper Coupe's naturally-aspirated 1.6-litre engine. From there it's on to the 1.6 turbocharged petrol Mini Cooper S Coupe, 2.0 turbodiesel Cooper SD Coupe, and the range-topping 208bhp Mini John Cooper Works Coupe.











