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McLaren shows off its MP4-12C GT3 racer

McLaren GT, comprised of a partnership between the British company and CRS Racing, has unveiled its new GT3 race car based on the forthcoming MP4-12C sports car. This is the first McLaren built for FIA GT racing since the F1 GTR took to the track before production ended in 1997. "McLaren has racing in its blood, and it was a natural step to take our MP4-12C road car and turn it into the most reliable, efficient and easy-to-drive GT3 car," said Martin Whitmarsh, the McLaren Group's chief executive officer.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.

2013 Jeep Grand Cherokee facelift revealed

Chrysler has rolled out a facelift for the 2013 Jeep Grand Cherokee with the usual cosmetic tweaks, better interior and new 8-speed auto ‘box. Jeep has worked hard to make the latest Grand Cherokee a much more appealing road car than before, with car-like on-road manners despite still having Land Rover levels of off-road ability. The only real criticisms we can level at the current Grand Cherokee (which, coincidently  we have in for review this week) is some cheap trim on the inside, a blobby infotainment system and an old-school, five-speed auto ‘box that really has no place in a modern, premium SUV.