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Snapple co-founder dies at 85
PALO ALTO, Calif., March 9 (UPI) -- Niche U.S. auto company Tesla Motors Inc. said it would pay off its $465 million government loan five years earlier than originally planned.
In its annual report, the California electric car maker said it had been given permission to repay the Department of Energy's loans early, completing payment by the end of 2017, rather than the end of 2022, the Los Angeles Times reported Saturday.
The loans were intended to help Tesla build alternative-energy vehicles, which is the company's specialty.
The company makes only top-end, electrically powered vehicles and power train components.
In its annual report, Tesla said production of its Model X crossover sport utility vehicle had been pushed back a year with an expectation of starting production in late 2014.
Instead, the company will concentrate on production of its Model S sedan, for which the company forecasts sales of 20,000 units, Tesla spokeswoman Shanna Hendriks said.
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ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
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ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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