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New MINI to be unveiled on 18 November

The new third-generation MINI Hatch will be revealed at the British brand’s Oxford factory on the 18 November, ahead of a simultaneous showcase at the 2013 LA and Tokyo Motor Shows two days later. In a nice touch from the BMW-owned carmaker, the special unveiling event will be held 107 years to the day since creator of the original Mini, Sir Alec Issigonis, was born. MSN Cars recently checked out MINI’s preview of the new compact hatchback with the MINI Vision concept.

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.

Future products: Scion's lineup to grow

Scion was supposed to be Toyota's niche brand of fuel-efficient small cars for hip kids. But the original three-model product lineup is being expanded, so the brand's customer reach may be extended as well. Early next year, Scion will add a rebadged version of the Japan-market Toyota iQ minicar.