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McLaren P1 Spied

The McLaren P1 supercar has been spotted out testing in Diss in Norfolk making a visit to a McLaren supplier. We got the public reveal of the McLaren P1 – the spiritual successor to the iconic McLaren F1 – at the Paris Motor Show in September, and the McLaren boys told us the car was 95 per cent of how the final P1 would look. Which seems to be borne out by these spy photos of the P1.

Carroll Shelby honored with Keith Crain achievement award

Famed car designer Carroll Shelby received the 2011 Keith Crain/Automotive News Lifetime Achievement Award on Thursday evening during the Washington auto show. The award is given annually to an individual who has made a significant contribution to the auto industry. "I accept this award with all of the humility a person could have," Shelby said.

Spyker attempting to sell Saab real estate in money-raising move

The next chapter in the Saab cash crunch appears to involve Spyker selling Saab real estate to an unnamed financial institution, with the automaker leasing the property back for its operations. Saab has been forced to shut down production twice in the past few weeks in the wake of unpaid supplier bills, raising concerns that Dutch owner Spyker may be facing a liquidity crunch. The latest move is likely aimed at freeing capital for the automotive operations while the company negotiates for a loan with the help of the Swedish government.