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

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.

News watch Sept 2010: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 September 2010• Porsche today posted record turnover, off the back of rising sales. It announced an 18% leap in annual turnover to €7.8 billion while sales rose 9% to 81,500 vehicles, up from 75,238 the previous year.

Porsche Carrera GT in Paul Walker crash had six owners in its cross-country life

Always Evolving's Porsche Carerra GT -- recognizable for its unusual red color and black wheels -- is a difficult car to drive for even professionals, with one top driver calling its handling “scary." Those of us at Autoweek who have driven the car will likely concur. Always Evolving, a car race and tuner store operated by CEO Roger Rodas, a financial consultant who became friends and business partners with actor Paul Walker at a racetrack, acquired the car last spring, and used it often at car shows and in promotional ads. Rodas was driving when the car crashed, killing him and passenger Walker in a California business park Saturday afternoon.