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McLaren reveals new London dealership

So where’s the posh new London dealership for the new McLaren MP4-12C? Just a stone’s throw from the old Park Lane McLaren site, it's emerged. One Hyde Park is the new home for the company in the UK’s capital city, and McLaren predicts that the flagship London store will be the busiest of the planned global outlets for the MP4-12C supercar, thanks mainly to the prime Knightsbridge location.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

50,000 new drivers lose licence within two years

Under current legislation, any new driver who receives six (or more) penalty points within two years of passing their test automatically has their licence revoked. Swiftcover.com has been sifting through the official data, and found that almost 50,000 new drivers have been banned in this fashion in the last four years. On Bing: see pictures of new drivers Find out how much a first car costs on Auto Trader The data, which comes from the Drive and Vehicle Licencing Agency (DVLA), reveals that 48,983 drivers have had their licence revoked under the 1995 Road Traffic (New Drivers) Act since 2009.