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VW to cover maintenance costs for sludge-damaged engines

Tue, 28 Sep 2010

Volkswagen AG has agreed to pay maintenance costs under a proposed settlement in a class-action lawsuit over sludge-damaged engines in 479,768 VW and Audi models. Judge Joseph Tauro of the U.S. District Court in Boston gave conditional approval of the settlement last week.

McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren

Wed, 02 Apr 2014

The McLaren P1 (pictured) boosts McLaren’s profits We’re starting to see the McLaren P1 – McLaren’s modern replacement for the iconic McLaren P1 – rolling out to lucky owners, and that will continue apace during 2014. Which means McLaren will see a big rise in its turnover and an even bigger rise in profits – up four-fold – as the £866,000 P1 replenishes McLaren’s bank account. But, although it will take a while to build, deliver and get paid for all 375 P1s, the P1 won’t be a long-term cash cow for McLaren, just a nice little booster as it starts to plan to up production to 4,500 cars a year over the next few years.

Ford Focus RS photo leak

Wed, 11 Jun 2008

By Tim Pollard First Official Pictures 11 June 2008 17:50 These leaked, blinding lime-green photos of the new Ford Focus RS have surfaced on the internet today – nearly a month ahead of the planned unveiling of Ford's new hot hatch. However, CAR has learned that they are computer-generated images of the Focus RS and do not reveal the finished item, which will be launched at the 2008 London motor show in July.The three shots were used in an internal presentation in 2007 and insiders claim the finished car is considerably different. Come back to CAR Online on 4 July 2008 to find out exactly how different it is...So what do we know about the new Ford Focus RS?Ford's latest hot hatch will use the front-wheel drive chassis and powertrain of the regular Focus ST, but beefed up considerably by the boys in the RS division.