We obsessively cover the auto industry…

In the same week that Audi said "not so fast" to some claims from Tesla, Chrysler has responded to a new press release from the California-based EV-maker by saying "not exactly, Tesla." The statement, released through the company's blog, comes in response to Tesla claiming it was "the only American car company to have fully repaid the government." Chrysler notes that it, too, recently paid back Uncle Sam from its 2008 bailout. Similar to Audi's recent press release, which was eventually and mysteriously deleted from the German automaker's site, Chrysler is both right and wrong in its statement.

Tesla specifically said that it had paid back the Department of Energy loans that many automakers received – including Fisker and VPG Autos – while Chrysler's retort argues Tesla is "unmistakably incorrect" since it repaid the government in 2011 a full six years early. Technically, the statements from both automakers are correct, but Tesla's startup loan originated from the DoE, while Chrysler's loan came in bailout form from the Troubled Asset Relief Program (TARP). Further, as The Detroit News notes, Chrysler's loan still cost taxpayers well over a billion dollars after all was said and done – those negative assets tied to "old Chrysler" in the bankruptcy did not require repayment.

The Detroit News reports automakers are coming out in support of proposed free trade legislation between the US and the European Union. The Association of Global Automakers, representing major Asian manufacturers, says the Transatlantic Trade and Investment Partnership will promote economic growth, increase jobs and make US and EU companies more competitive on the global market. The legislation will also open the door for EU and US regulators to agree on one standard for emissions, crash protection, child restraints, fuel systems and tire pressure monitors. If that happens, automakers could save millions of dollars by being able to build and sell one car for both markets.

Jaguar-Land Rover North America also stands behind that move, but would also like to see the US completely eliminate its current 2.5 percent tax on imported cars. The company isn't alone. Ferrari has also spoken up in favor of eliminating the tariff, and the Alliance of Automobile Manufacturers, comprised of Ford, General Motors, Chrysler, Volkswagen, Toyota and Daimler among others, also supports harmonizing regulations between both markets.

All told, the EU and the US make up 32 percent of global vehicle production and 35 percent of the total buyer market. The Detroit News reports the US exported some $8 billion in cars to Europe last year and another $5 billion in parts.

A potential issue with the lug nuts on 19,871 units of the 2013 Cadillac SRX in the US and Canada has lead to a recall of the luxury crossover. Those lug nuts that have a Teflon topcoat, identified by their bluish tint, could loosen and cause "creaking, rattling or grinding noises or steering vibrations." In the worst case scenario, a wheel could fall off, but there have been no reports of that happening, nor any reports of accidents or injuries due to the issue.

This is the second recall action on the SRX over the last few months. In March, Cadillac recalled 27,000 SRX models over a transmission programming issue. General Motors will begin notifying customers with the potentially faulty parts on June 3, at which time they can take their vehicles to dealers to have the tires rotated and new nuts installed. A further 7,397 SRXs exported from North America also face the recall action.

We try very, very hard to keep snark away from creations like the one you see here. After all, someone poured plenty of enthusiasm, time and money into turning a 2008 Cadillac XLR into a modern interpretation of the new-old cars typically done by cottage builders like Excalibur and Clénet. Even so, it's hard not to wince when you set an eye on this machine. With its wheelbase stretched to accommodate the extra bodywork, goofy sidewalls and upkicked nose (examine it in profile, it looks slightly bent in the middle), this "neoclassic" takes whatever was loveable about the Cadillac underneath and buries it in a tacky grave.

Miraculously, the engine bay has been left unmolested, which means the retractable hardtop convertible still features a 4.6-liter Northstar V8 engine good for 320 horsepower. If only that were enough to outrun its shame. If, for some reason, you feel like taking this thing home, Harry Kaufmann Motorcars of Milwaukee says it can be yours for a paltry $74,998. We wish were joking. Check it out here.

China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors, Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April. The country's National Development and Reform Commission responded by not only reinstating foreign automotive investment but by giving the business "preferential treatment," according to Automotive News. Last year, China's central and western regions attracted $19.2 billion in foreign investment across the board.

With China serving as the world's largest automotive market, manufacturers are keen to make inroads in the region. The local government incentivised foreign-owned manufacturing plants for some seven years before the National Development and Reform Commission removed the industry from its approved list in an attempt to stave off overcapacity. Automotive News reports GM and VW have both invested heavily in the region, with the latter set to begin construction on an all-new facility. The new plant is part of a $13 billion investment in China and will join Volkswagen's 12 other car and component facilities in the region.

Ford began manufacturing cars in Australia in 1925 with the Model T. In 2016, Ford will stop manufacturing cars Down Under, including the Falcon and the Territory SUV. Ford Australia CEO Bob Graziano has reportedly confirmed the closure of the company's Broadmeadows assembly plant and the Geelong engine plant, both in the state of Victoria. There will be 650 jobs lost at Broadmeadows, 510 sacrificed at Geelong. Of the roughly 3,000 workers the Blue Oval has in Australia, it's said it will try to retain about 1,000 of them at its R&D and product development facilities.

The writing hasn't just been on the wall, it's been a regular item in all the papers and on Ford's bottom line for years. As recently as 2003, Ford sold nearly 75,000 Falcons, but over the next four years, annual sales dropped by something like 10,000 units, and over the last two years, it has sold less than 20,000 per year. It isn't only Ford that has suffered – sales of the other large, locally produced sedan, the Holden Commodore, have also gone over the precipice, triggering the same kind of angst about Holden's continued existence. Ford is the smallest of Australia's local automakers, Holden and Toyota the others, and has posted losses of $AUD141 million last year ($136M US) and $AUD600 million ($580M US) in the past five years. Graziano said the cost of manufacturing is simply too expensive in the country, twice as high as Europe and three times as high as Asia, and there no way to make a business case for staying in the country.

In January 2012, Ford Australia announced it would stay in the country until at least 2016, but by July of the same year, most outside observers were quietly declaring that 2016 would be the last year of Ford Down Under, and even the speculation was making other observers nervous. Ford received money from the Victorian government last year to aid its refresh of the Falcon and Territory, which will continue on schedule for the 2014 model year. A front- and all-wheel-drive sedan on a global platform is predicted to replace the Falcon, with some other SUV expected to replace the Territory. The company says it still intends to expand its lineup in the country.

As for what will replace the employment hole at the factories and the supplier base, no one is quite sure. Ford has said that the employees will receive their entitlements, and workers do have three years to prepare for what's coming. As well, the state and national governments have already committed tens of millions to a fund to assist the employees.

The Nissan Leaf, the Fiat 500e and now the 2014 Chevy Spark EV 1LT. Three different electric hatchbacks that can all be had for the same low lease price: $199 per month. The Spark even has the same appealing $999 down payment as the Fiat (the Leaf's is $1,999) and both require 36-month leases, so the cost of these two city runabouts is identical, at least at the base level. The one potential hiccup: Chevy says it's a "low mileage lease," and you'll pay 25 cents a mile for each mile over 12,000 per year. Considering these are urban-minded vehicles with limited ranges, however, that doesn't seem like as pressing an issue.

If you want to buy a Spark EV outright, General Motors will ask you for $27,495, a figure that will drop to $19,995 for anyone who qualifies for the full $7,500 federal tax credit. That's a good deal for EVs, but the gas-powered Spark starts at just $12,185. Before Fiat announced its low lease deal last month, all GM would say is that the Spark EV would cost somewhere "under $25,000 with tax incentives." Well under, apparently.

The Spark EV goes on sale in California and Oregon in the middle of June. The car is rated at 119 MPGe combined and has a range of 82 miles. When that's not enough, DC quick charging with the SAE combo charger will refill the battery to 80 percent in about 20 minutes (when such DC stations stations become available, since the Spark is not compatible with the already-available CHAdeMO stations).

The team over at Motor Trend has pitted the new Audi R8 V10 Plus against the Nissan GT-R. While both of the bright red all-wheel-drive supercars are comparably matched in power output, the similarities end there. Audi offers a mid-engine aluminum coupe with a naturally aspirated V10 that spits out 550 horsepower. Nissan shows up with a more traditional coupe equipped with a 545-horsepower twin-turbocharged V6 at the front of the car.

The Head-to-Head video takes both cars to the Streets of Willow Springs in the California desert for some track work with professional racing driver Randy Pobst behind the wheel. After a day at the track, the pair head to the local mountains for some spirited real-world driving. One dominates on the circuit, while the other earns back its credibility in the canyons. We won't tell you which coupe comes out on top, but we think you may be surprised. Follow the link below to watch for yourself.

You might think that Jeremy Clarkson has run out of groups to offend, but the Top Gear frontman remains as unfiltered and unbowed as ever, this time calling for British Airways to deposit traveling young children in with the luggage under its planes. After a flight to Scotland, the irascible Brit quipped, "When will British Airways realise that babies belong in the hold?" via Twitter. The tweet prompted equal quantities of laughter, outrage and support from those who follow him on the social media service. Acknowledging the controversy, Clarkson would later follow up by noting, "Mine didn't fly till they were old enough to behave."

Predictably, British Airways has responded by reiterating that all are welcome in its airplane cabins, but Clarkson's musing has also triggered widespread support for the notion of child-free air travel – on Twitter and beyond. And as the Telegraph notes, at least one airline realizes that for some travelers, there is real appeal to the idea: Malaysia's Air X airlines recently introduced select routes with seating areas where occupants must be 12 years or older. Perhaps they've just found their new spokesman.

While we had been told it was coming in 2014, the exact release date of the production version of the Infiniti LE concept might just might hinge on something you can't see and that the Japanese automaker can't control: wireless charging infrastructure. That's the word from Autocar, which talked to Nissan executive vice president Andy Palmer, who admits that wireless charging "is this technology we want to shine a light on, so while there is no world standard on methods, the rollout will be dependent on region." In other words, if you want the latest luxury EV, you'd better hide those wires. They're so gauche.

There's a good chance Infiniti will be the first OEM to sell a production inductive charging vehicle (companies like Mitsubishi and Audi are also working on the technology), which is likely to be a double-edged sword. Yes, it'll have bragging rights, but the wired infrastructure is proving difficult enough to put into place, and having the coolest tech doesn't mean much if you can't put it into use. Thankfully, the LE (or whatever it will be called) is also expected to come with conventional wired charging capabilities. Also, Infiniti is, at this point, trying to get induction charging technology to be open source, which could help a lot of players in the industry.

The LE concept, based on the Nissan Leaf, has the same 24-kWh lithium-ion battery pack but a more powerful 100-kw electric motor good for 134 horsepower and 240 pound-feet of torque.

We're willing to bet there are bottles of champagne popping all the way from Washington, DC to Palo Alto, CA today with the announcement that Tesla Motors has, as suspected, paid off the entirety of its $465-million Department of Energy loan.

"I hope we did you proud" - Elon Musk

As far back as July 2012, Tesla began talking about paying the US government back early, but it was apparently the tremendous rise in the company's stock value recently that prompted CEO Elon Musk to push for the immediate repayment this week. From a price of $33.87 on January 1, TSLA has climbed to $87.24 today (down a bit from the recent highs of over $92). Last week, Tesla sold enough stock to raise over a billion dollars to repay the Advanced Technology Vehicle Manufacturing (ATVM) loan, with interest. This makes Tesla the first automaker to pay the DOE back, and it did so nine years ahead of schedule. In a prepared statement, Tesla CEO Elon Musk thanked the DOE and Congress and "particularly the American taxpayer from whom these funds originate. I hope we did you proud."

The DOE is certainly proud, issuing a release that said the repayment "shows the strength of energy department's overall loan portfolio." The DOE has come under fire recently for the loan it gave to Fisker Automotive. Two other ATVM recipients, Nissan and Ford, have not yet paid all theit money back, but there are no apparent worries there, either. Energy Secretary Ernest Moniz said in a statement that, "not every investment will succeed" but that the DOE's overall $34-million loan portfolio of more than 30 loans "is delivering big results for the American economy while costing far less than anticipated." Details in the press releases below.

The Mansory Stallone you see above isn't the first such transmogrification of a Prancing Horse. This one is based on the Ferrari F12 Berlinetta, but the first honor, as far as we can tell, went to the Stallone based on the 599 GTB Fiorano. The F12 version was unveiled at the Geneva Motor Show this year, but we missed out, and we were sure you wouldn't want to miss it.

As with its predecessor, this one gets a total makeover, from the new front clip and hood to the side skirts, new rear end, rear diffuser and rear wing. There is additional muscle for the 6.0-liter V12, too – a tweaked ECU and sports exhaust with a stainless steel muffler getting matters up from 740 horsepower to 775, and torque from 509 pound-feet to 535. Moving things forward is a set of bespoke, staggered, lightweight aluminum wheels, 21 inches up front, 22 in the back.

The showstopper is inside, where a red and black leather treatment and redesigned steering wheel will make the cabin a very intense place to be. Check out the press release below for the minutiae, and the high-res gallery above for more angles.

According to a report from Autoweek, Volkswagen has plans in place to retrofit a quarter of a million 2009-2012 model-year TDI-engined cars with a system that will prevent misfueling with gasoline instead of diesel. In a notice sent out to VW dealers, the company specified that affected models will include the 2009-2012 Jetta and Jetta Sportwagen TDI, as well as 2010-2012 Golf TDI models.

Volkswagen claims that the increased popularity of TDI diesel models has resulted in more incidents of damaging and potentially very costly misfueling mishaps. To address the issue, the company will front the cash for dealers to retrofit a fuel filler neck cap that can recognize the smaller nozzle of a gasoline pump and keep the fuel tank gate closed.

Autoweek also reports that the move might be slightly defensive in nature; VW has blamed misfueling on the wave of high-pressure fuel pump failures that has recently been the subject of an investigation by The National Highway Traffic Safety Administration.

Word has it SSC will deliver its first Tuatara supercar beginning in either December of this year or January of next. The news comes courtesy of company CEO Alan Leverett, who also said that the machine will set buyers back $1.3 million. As GTSpirit.com points out, the revelation is somewhat surprising given that SSC hasn't even unveiled the production-specification car just yet. It would seem that little fact hasn't been enough to scare away potential buyers.

The last time we heard major news from SSC was nearly a year ago when the company officially changed its name from Shelby SuperCars to SSC and broke ground on a new 36,000 square-foot manufacturing facility in Washington. Since then, the company has been largely mum about progress on its ludicrous Tuatara, although last month, it did disclose that powertrain testing had exceeded "all design specifications" during dyno testing, registering 1,350 horsepower and 1,280 pound-feet of torque. As you may recall, the car's Ultimate-Aero-based early prototype managed to bolt to 200 miles per hour in a scant 16 seconds thanks to a 6.8-liter V8 with the same power.