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McLaren MP4-12C at the 2010 Festival of Speed

By Tim Pollard First Official Pictures 30 June 2010 09:49 McLaren will show its new MP4-12C supercar for the first time in public at the 2010 Goodwood Festival of Speed this weekend. McLaren's F1 drivers Lewis Hamilton and reigning world champion Jenson Button will drive the 12C up the Goodwood hillclimb on Saturday and Sunday in the Supercar Run.They're wheeling out the F1 stars again?Yep. The MP4-12C is being heavily promoted by McLaren's grand prix racers.

BMW Art Car collection on show in the UK

An exhibition of the famous BMW Art Car collection is coming to the UK for the very first time – just in time for the Olympics. The Art Drive! exhibition is taking over the London Great Eastern Street car park from 21 July 2012, bringing a chance to see the BMW cars transformed by some of the world’s leading contemporary artists.

Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.