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McLaren Automotive officially launches as the MP4-12C speeds toward production

McLaren Automotive laid out its ambitious plans to become a competitive player in the high-performance car market on Thursday and wants to build up to 4,000 top-shelf sports car annually by the middle of the decade. The company held a grand opening at its base in Woking, England, to celebrate the progress and officially unveil the MP4-12C as it moves toward production. The estimated 592-hp supercar is expected to be exceptionally light and aerodynamic as the company takes aim at the best of Ferrari and Lamborghini.

GM to build Cadillacs outside the U.S.

General Motors CEO Dan Akerson said Tuesday that the company plans to begin building Cadillacs outside the United States by the end of 2012 as part of its plan to make GM's premium brand a true global nameplate. Akerson said overseas Cadillac production would reduce the risk of foreign-currency fluctuations and allow GM to better manage its supply chain. Although Cadillac long has been sold in China and other international markets, it's produced only in North America.

Honda Civic Type R UK sales to cease

The Honda Civic Type R is dead. Or it is at least in Europe, as the high-revving, naturally aspirated 2.0-litre engine that powers Honda's hot hatch can't meet forthcoming emissions requirements  That's right – the Civic Type R can’t meet the latest Euro5 emissions regulations that come into force at the end of 2010, meaning in the UK and most other European countries (a tiny handful have Euro5 exemption) the Civic Type R will cease to be. If you live outside Europe then you’re still in luck as the Swindon-built Type R will continue to be sold in markets as far afield as Australia and South Africa.