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McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.

One Lap of the Web: Loewy, Knieval and an evil Capri

-- If you've been on Google today, you may have noticed the tribute to famed industrial designer Raymond Loewy who penned, among countless other icons, the Studebaker Avanti. Loewy was born on November 5, 1893 -- read more about his life and designs here, and about his Studebaker Avanti here. -- Courtesy of an English auto body shop, this series of photos is a must-see for anyone contemplating the purchase of an old car.

Volvo, Geely working on shared architecture

Geely and its Volvo ward are working at developing a new compact car architecture that will be shared by both companies. For Volvo, this means a smaller luxury car, possibly a few. The platform will be modular, as is practically required in this day and age, ready to underpin different body styles or—if need be—an entirely new lineup.