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Porsche 911 GT3 R Hybrid race car revealed

Porsche will bring its latest hybrid know-how to the racetrack in the form of the new 911 GT3 R Hybrid, revealed here for the first time prior to a planned public premiere at the Geneva auto show in early March. Developed by a team of engineers at Porsche's Weissach R&D center, Porsche plans for the stripped-out race car to act as a rolling laboratory. The German carmaker wants to explore the potential of hybrid drivetrains in a racing environment before an expected announcement that it will return to the 24 Hours of Le Mans in a factory capacity, perhaps in 2012, with a race car boasting technology based on that used in the 911 GT3 R Hybrid.

McLaren P1 (2013) official performance figures announced

McLaren has finally revealed the price and performance figures for its P1 supercar. The hybrid P1 will launch from 0-62mph in less than three seconds, hit 124mph in under seven seconds, and reach 186mph in around 17 seconds, according to McLaren's official figures. The P1's top speed is electronically limited to 217mph.

Banksy 'Car Plant' work for sale

AN ART GALLERY wants to sell a work created at an abandoned Detroit car plant by the elusive British graffiti artist Banksy. 555 Nonprofit Gallery and Studios co-founder Carl Goines said proceeds from the sale would go to expand the gallery's programming. Mr Goines said he's hoping the Banksy work will bring in between 200,000 to 1.2 million dollars (£120,000 to £720,000), which he says is the range of recent sales.