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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.

Ford Fiesta deliveries delayed, storm-damaged rail lines blamed

Ford Motor Co.'s shipments of the 2011 Ford Fiesta subcompact to U.S. dealerships will be delayed by 10 days to two weeks because of storm-damaged railroad lines. Key railroads in northern Mexico were severely damaged by Hurricane Alex on June 30 and later by Tropical Storm Bonnie, said Angie Kozleski, a Ford spokeswoman.

Guggenheim to auction BMW M1 art car

The Guggenheim Museum in New York is selling an original BMW M1 art car to raise funds and to make way for other exhibits. Frank Stella painted the Bavarian supercar in 1979, and it has been part of the Guggenheim collection since 1999. BMW has commissioned many art cars since the program launched in 1975, including another M1 by Andy Warhol and a 3.0 CSL also by Stella.