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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.

Can Horn get US Volkswagen sales back on track?

Volkswagen AG's German executives readily admit they are a bit baffled by America, where, despite decades of exertion, Volkswagen's namesake VW brand still doesn't rank as a marquee marque. So why would the automaker choose a German native and Wolfsburg veteran, Michael Horn, as the new CEO of Volkswagen Group of America, to succeed Jonathan Browning, 54, who is leaving at the end of the year? To VW insiders and U.S.

Toyota, Honda, Nissan and Mazda recall 3.4 million cars over Airbag fault

As recalls go, 3.4 million cars around the globe is a big number, but it’s that big because a parts supplier - Takata Corp – supplied the same airbag part to Toyota, Honda, Nissan and Mazda, so the recall involves all four Japanese car makers. The part at fault could cause the airbag inflator to rupture and deploy the airbag abnormally, although there have been no reports of injuries due to the potentially faulty part and just five reports of the fault existing – three in the US and two in Japan. In the UK the number of cars affected – and do note the recall only affects cars sold between 2000 and 2004 – appears to be about 75,000 for Toyota, 60,000 for Nissan, 15,000 for Honda and 2.000 for Mazda, and all four car makers will be getting in touch with owners during the next month to book their cars in for free replacement of the part.