The company, using money it raised last week in the markets, is repaying the government nine years before its loan was due.
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Most Topular Stories
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DealBook: In a Plus for Electrics, Tesla Repays a Big Federal Loan Early
NYT > Automobiles23 May 2013 | 3:02 am -
Former Saab Chairman Muller to be summoned in tax inquiry, report says
Automotive News Breaking News Feed23 May 2013 | 1:34 amA Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported. -
Audi ends BMW string of victories in the DTM - Plus quotes
Audiworld.com18 May 2013 | 5:00 pm· Commanding triumph by Mike Rockenfeller at Brands Hatch · Audi driver new overall leader after two races · Mattias Ekström and Timo Scheider in the points too Ingolstadt/Brands Hatch - Two races, two pole positions - and now the first ... -
Growing number of Americans going carless
Autos22 May 2013 | 12:17 pmWhether by choice or because of financial necessity, the number of American households without a car has doubled over the past two decades – and is now approaching 10 percent.The impact of this trend could be significant, especially when it comes to alternative forms of transportation such as car-sharing and mass transit, according to research by CNW Marketing.“While the recession was in large par... -
2014 Chevy Spark EV priced at $27,500: Spark EV price places it just below competitors
AutoWeek - Latest Car News Feed23 May 2013 | 2:30 amThe
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NYT > Automobiles
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DealBook: In a Plus for Electrics, Tesla Repays a Big Federal Loan Early
23 May 2013 | 3:02 amThe company, using money it raised last week in the markets, is repaying the government nine years before its loan was due. -
Wheels Blog: Consumer Advocacy Group Calls for a Recall of 5 Million Jeep Grand Cherokees
23 May 2013 | 3:00 amA consumer advocacy group calls for five million Jeep Grand Cherokees to be recalled. -
Wheels Blog: Wheelies: The Luxo-Fisker Lutz Edition
22 May 2013 | 4:51 pmBob Lutz and a Chinese auto parts manufacturer move to scoop up what’s left of Fisker Automotive, and the singer George Michael falls out of his Range Rover at 70 miles per hour. -
Wheels Blog: Franchitti and Castroneves Pause in New York Before Indianapolis 500
22 May 2013 | 1:36 pmThe three-time Indy winners stopped in the city to talk about Sunday’s race. -
Wheels Blog: Aston Martin Shows the CC100 in Germany
22 May 2013 | 12:28 pmAston Martin’s new concept roadster is built to reflect the company’s past while looking to its future.
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Automotive News Breaking News Feed
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Former Saab Chairman Muller to be summoned in tax inquiry, report says
23 May 2013 | 1:34 amA Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported. -
GM prices Chevy Spark EV below $20,000 after tax credits
22 May 2013 | 10:01 pmGM will price its new Chevrolet Spark electric vehicle at $27,495, including destination charges and before federal tax credits, placing it among the cheapest EVs on the market. -
Ford to shutter Australia car, engine plants in 2016
22 May 2013 | 6:04 pmFord, saddled with high costs, falling sales and financial losses, will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country. -
Gentex CFO leaves but will work with supplier as consultant
22 May 2013 | 2:02 pmGentex, a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier. -
Michael Stanton, longtime D.C. advocate for automakers, to retire in 2014
22 May 2013 | 9:50 amMichael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.
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Audiworld.com
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Audi ends BMW string of victories in the DTM - Plus quotes
18 May 2013 | 5:00 pm· Commanding triumph by Mike Rockenfeller at Brands Hatch · Audi driver new overall leader after two races · Mattias Ekström and Timo Scheider in the points too Ingolstadt/Brands Hatch - Two races, two pole positions - and now the first ... -
Audi customers at Nürburgring on grid positions one and three
17 May 2013 | 5:00 pm· Frank Stippler posts best time in Audi R8 LMS ultra of Phoenix Racing · Christian Mamerow for Prosperia C. Abt Team Mamerow on second row · Three Audi R8 LMS ultra cars in top five Ingolstadt - The quickest Audi customers have completed ... -
Audi goes to Le Mans aerodynamically optimized
15 May 2013 | 5:00 pm· Aerodynamic efficiency has clearly increased in 15 years · Micro-tube radiator optimizes airflow of Audi R18 e-tron quattro · Many losses caused by the regulations have been compensated for Ingolstadt - Five more weeks until the Le Mans ... -
Audi publishes its first Corporate Responsibility Report
15 May 2013 | 5:00 pm· Sustainability report on progress with economic, ecological and social responsibility · Focus on CO2-neutral mobility and production · CO2-reduction target in production reached ahead of time Ingolstadt - At the Annual General Meeting of ... -
Long Term Update - Escaping the asphalt
14 May 2013 | 5:00 pmApril was a busy month for our allroad. We took a couple of road trips, warmer weather has helped the fuel economy significantly, and we tested the offroad worthiness of the allroad. Unfortunately, we also had visit to the dealer to fix ...
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Autos
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Growing number of Americans going carless
22 May 2013 | 12:17 pmWhether by choice or because of financial necessity, the number of American households without a car has doubled over the past two decades – and is now approaching 10 percent.The impact of this trend could be significant, especially when it comes to alternative forms of transportation such as car-sharing and mass transit, according to research by CNW Marketing.“While the recession was in large par... -
GM stock at highest point in more than two years
21 May 2013 | 10:29 amPerhaps it’s just a rising tide lifting all boats, but General Motors stock has hit its highest close in more than two years – beating the $33 a share price tag set during its initial public offering in November 2010.The resurgence comes as the overall stock market charges from one record to another, but also suggests that investors are impressed by the performance of the giant maker which earlier... -
Detroit roars back after years of quality issues
21 May 2013 | 10:29 amIs Motor City getting its mojo back? After years of losing loyal customers frustrated by quality and reliability problems, domestic automakers are showing a new-found focus on customer service that is winning back skeptics – boosting sales, market share and profits.Despite the improvement, it may take awhile for the industry to totally repair its tarnished image. “I’d love to buy something from De... -
Electric car maker Tesla to pay off $465M in federal loans
21 May 2013 | 10:29 amElectric car maker Tesla Motors has shifted into a good place: CEO Elon Musk intends to use the potential $1 billion from a new stock offering to pay off the maker’s $465 million in Department of Energy loans – and to help pay for other products that would grow the California automaker.Musk, who uses tweets to signal his plans, has hinted that he will formally announce the payoff of the loans tomo... -
Mercedes S-Class wows with 3D cameras and night vision
19 May 2013 | 9:15 amThere was a time when luxury cars were defined by their sheer size and mass, their power, performance and, of course, exclusive details like leather seats and wood trim.Those factors distinguish the 2014 Mercedes-Benz S-Class, but there’s more to the redefined German flagship that fit the changing nature of the auto industry. From its LED lamps to the 3D cameras, radar and night vision systems tha...
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AutoWeek - Latest Car News Feed
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2014 Chevy Spark EV priced at $27,500: Spark EV price places it just below competitors
23 May 2013 | 2:30 amThe -
Leh Keen bullies the Nürburgring in the rain: Helmet cam video shows rain, darkness and the 'Ring at 150 mph
22 May 2013 | 2:21 pmLeh Keen and the Farnbacher Racing team may have only completed 20 of the 24 Hours of Nürburgring race over the weekend, but they gave us the best and scariest visual of the event by far. -
This week in 1968: Lola T-160 unveiled ahead of Can-Am season: Looking back at Autoweek's May 25, 1968 issue
22 May 2013 | 1:34 pmThe Lola T-160 was first introduced to the public as a quarter-scale fiberglass model at a 1968 United States Road Racing Championship race. -
Explore the Villa Erba auction lineup: Ferraris, Bugattis and Rivas, oh my: The cheapest way to enjoy the Lake Como sale is via your computer
22 May 2013 | 12:20 pmWe were stunned when the RM Auctions Villa Erba catalog thudded down on our desk a few weeks ago: The beautifully photographed, info-packed, 300-page tome --meant to entice well-heeled enthusiasts to the May 25 auction on the shores of Italy's Lake... -
Fisker has potential buyers in line: Bob Lutz's company and Wanxiang Group looking to take control of hybrid automaker
22 May 2013 | 12:09 pmVL Automotive and Chinese Investment Group Wanxiang are looking to buy troubled automotive manufacturer Fisker. Maker of the curvaceous
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Car and Driver Blog
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A Glimpse Inside BMW’s i Electric Project
22 May 2013 | 3:11 pmNext to Tesla, and, perhaps Renault-Nissan, there isn’t an automaker in the world that’s putting as much faith and money into electric mobility as BMW. The brand’s CEO, Norbert Reithofer, has invested massively in his new sub-brand, called “i,” plus R&D and production sites around the globe. Tied into the i brand is cutting-edge carbon-fiber technology, which is supposed to offset some of the extra weight of the batteries. This portion of the i program, at the very least, has merit beyond E-mobility. At an event this spring in Leipzig, Germany, where the compact i3 EV and the… -
2014 Aston Martin Vanquish Volante Spied: The Inevitable Droptop Vanquish
22 May 2013 | 2:55 pmWhat It Is: A lightly covered-up prototype of the inevitable convertible version of the Aston Martin Vanquish, the brand’s flagship coupe. Following Aston’s nomenclature, the roofless Vanquish will be known as the Vanquish Volante. Just as the hardtop model replaced the DBS last year, this topless Vanquish will take over for the DBS Volante.READ MORE ›› -
2013 Maserati GranTurismo MC Convertible Driven: Cruiser With an Attitude
22 May 2013 | 2:42 pmDriving the new Maserati GranTurismo MC convertible in the hills north of Milan was like living in the Land of Hairpin Corners. We’d rush up to a tight uphill turn, tap the tall shift lever in the manual gate and hear the Maserati V-8 blip a downshift. At 4200 pounds the GranTurismo MC convertible is no lightweight, and agile isn’t the word to describe how it carves through tight corners. But it turns in smoothly with no overt hint of understeer, steady and secure . . . foot down and up to the next switchback. With the Maser in its Sport setting, the open exhaust note bounces off… -
Name That Shifter, No. 129: 2010 Toyota iQ
22 May 2013 | 1:02 pmOn Monday, we presented this week’s shifter and asked you to identify the make and model of the vehicle whence it came. The first and only commenter to correctly identify this week’s shifter as belonging to the 2010 Toyota iQ city car was Coco t., who will receive a Save the Manuals button and sticker as a reward. We first drove the Toyota iQ in Europe way back in 2008. The odd little car eventually made its way to the U.S. as the Scion iQ—and even spawned an Aston Martin–badged version—though the cars sent here only came with CVTs. Our full test of a 2012 Scion iQ yielded just… -
Aaron Robinson: Why The Great Elon Musk Needs a Muzzle
22 May 2013 | 11:41 amBefore we go any further, let’s be clear on one thing: I’m a fan of Tesla Motors chief Elon Musk. It’s not because he’s both two years younger than me and, with a net worth of $2.7 billion, ranks 527th on Forbes’s 2013 list of ridiculously rich people. For that, I should hate him. I’m a fan because Musk did what I’m fairly certain that I wouldn’t have done, had I been handed a check for several hundred million at the age of 31 for inventing PayPal. Had it been me instead of him, I would have called my contribution to mankind complete and frittered away my remaining days on…
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Jalopnik
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Ford Australia Is Dead
22 May 2013 | 6:04 pmThe concept of an Australian arm of Ford that makes products in Australia for Australia is dead, victim of a strong Australian dollar and a weak market according to multiple sources.Read more... -
Should They Drop The Price Of Electric Cars To $0?
22 May 2013 | 3:00 pmWelcome to Must Read, where we single out the best stories from around the automotive universe and beyond. Today we've got reports from The Wall Street Journal, Speedhunters, and Foreign Policy.Read more... -
Mobile Car Cleaner Spectacularly Wrecks Customer's Ferrari 458 Italia
22 May 2013 | 2:38 pmThe maxim "If you want something done right you should do it yourself" usually does not apply to car cleaning, but the owner of this Ferrari 458 Italia who loaned their precious Italian sports car to mobile car cleaning service probably regrets outsourcing that particular job given what's left of the car.Read more... -
'The 2009 Kia Borrego Is Bucking The Trend'
22 May 2013 | 2:30 pmRemember the Kia Borrego? It was a body-on-frame SUV that was sold when people wanted crossovers. You might think that would make it Borrebad. But you're wrong. It's Borregood!Read more... -
Gawker London Soldier Hacked To Death By Machete-Wielding Terrorists | Kotaku Xbox Exec: 'If You’re
22 May 2013 | 2:25 pmGawker London Soldier Hacked To Death By Machete-Wielding Terrorists | Kotaku Xbox Exec: 'If You’re Backwards Compatible, You’re Really Backwards' | Lifehacker How I Tricked Myself Into Loving My Workout | Jalopnik Watch This Scooter Crash Four Times In A Row Then Fall Into A PitRead more...
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The German Car Blog
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Audi A8: Spy shots of facelift!
22 May 2013 | 10:27 pmWe found brand new spy shots of the upcoming facelift for the Audi A8.Audi A8: Spy shots of facelift! was originally published on The German Car Blog on Thursday, May 23, 2013. Related posts: VW Polo: Almost undisguised spy shots! Porsche Panamera: Best spy shots of facelift yet! Audi A8: Spy shots! -
VW Golf R: Fresh spy video!
22 May 2013 | 10:26 pmHere is a fresh spy video of the next-generation VW Golf R. Enjoy!VW Golf R: Fresh spy video! was originally published on The German Car Blog on Thursday, May 23, 2013. Related posts: VW Golf Variant: Fresh spy shots! VW Golf R Cabriolet: First video! VW Golf R: Fresh spy shots! -
Audi TT: More intel!
21 May 2013 | 9:40 pmHere's more intel about the next-generation Audi TT.Audi TT: More intel! was originally published on The German Car Blog on Wednesday, May 22, 2013. Related posts: Audi TT: Latest intel about next generation, will move closer to Audi R8 Audi TT: Latest intel about next generation Audi R8: New intel about next-generation -
VW Polo: Almost undisguised spy shots!
21 May 2013 | 9:39 pmWe found almost undisguised spy shots of the upcoming facelift for the VW Polo.VW Polo: Almost undisguised spy shots! was originally published on The German Car Blog on Wednesday, May 22, 2013. Related posts: VW Golf VII R: Undisguised spy shots! Mercedes-Benz E-Class: Fresh spy shots! Porsche Panamera: Best spy shots of facelift yet! -
Audi TT: Latest intel about next generation
15 May 2013 | 10:01 pmHere's the latest intel about the next-generation Audi TT. Make sure to read!Audi TT: Latest intel about next generation was originally published on The German Car Blog on Thursday, May 16, 2013. Related posts: Audi A4: The latest intel about the next generation! Audi TT: Latest intel about next generation, will move closer to Audi R8 Audi A3: Latest intel about the US body styles
