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McLaren MP4-12 650S hits the Web ahead of official Geneva reveal

Images of the new McLaren MP4-12 650S have leaked to the Internet ahead of a planned unveiling for the British supercar at the Geneva Motor Show in early March. Created in response to customer demand for an edgier version of the McLaren MP4-12C offering greater levels of driver engagement, the 650S runs a more heavily tuned version of McLaren's twin-turbocharged 3.8-liter V8 direct-injection engine producing a claimed 25 hp more than the variant used by standard sibling for a total of 641 hp (as its name suggests 650 ps -- metric hp). Further details remain scarce ahead of the MP4-12C 650S's official public unveiling in Switzerland two weeks from now, although information passed on to prospective customers at a private presentation of the new two-seater held last week suggest it is also in line to receive a series of modifications to its seven-speed dual clutch gearbox, suspension, steering, brakes and aerodynamics -- all aimed at providing it with a more aggressive nature and added racetrack ability.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

BMW unveils i3 edition (2012), explains i strategy

BMW today revealed a new i3 concept car edition at the formal launch of the first bespoke BMW i dealership in London's Park Lane. The facility was also fitted with the BMW i Pedelec electric scooter, a new complementary bike with a 33-mile range. The i3 is identical to the concept car unveiled at the 2011 Frankfurt motor show apart from some cabin tweaks and a fresh paint job. So what is new on the 2012 BMW i3?