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West Berlin, New Jersey, US
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McLaren turns the corner, posts first profits
Wed, 04 Jun 2014By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.
Euro NCAP Slams UK Safety Record
Fri, 11 May 2007By Ben Whitworth Motor Industry 11 May 2007 10:50 Euro NCAP has panned UK car manufacturers after a dismal performance in its Electronic Stability Control survey. Figures released today by the automotive safety organisation put the cars sold in the UK near the bottom of the table when it comes to fitting ESC as standard. While Denmark, Sweden and Germany topped the list, the UK ranked 20th out of the 25 countries surveyed, only just beating Ireland, Greece, Malta and the Netherlands.
Germany plans to charge foreigners to drive on the Autobahn
Tue, 10 Dec 2013Germany plans to charge foreigners to drive on the Autobahn It seems Germany is planning to charge to use the Autobahn network – just as France does – but it plans to levy the charge just on foreign visitors. The plan is part of a deal by Angela Merkel’s Social Democrat party to form a new coalition and would see all non-German drivers paying a fixed toll to use the Autobahns. But the plan is coming under fire from neighbouring countries (Germany has borders with nine other countries) and even from its own version of the AA – the ADAC – who say the revenue likely to be raised – around £220 million – will do little to address the costs.