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Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

McLaren P1: New Photos

Just hours ahead of the official reveal of the McLaren P1 supercar we have a new set of photo showing more of the P1. We’ll have to wait until tomorrow for any technical details of what McLaren has put under the skin of the P1, but we do now have far more P1 photos to make a judgement on how it looks. The first three photos showed us the backend, side view and front three quarters of the P1, but now we get to see the P1 in almost all its glory in these new photos.

Caterham reveals new SP/300R race car

British specialty-car maker Caterham unveiled its new SP/300R sports prototype race car and a plan for creating a one-make series in 2012 on Thursday at the Autosport International Show in Birmingham, England. The SP/300R is powered by a supercharged 2.0-liter Ford Duratec four-cylinder engine. It produces 299 hp and 213 lb-ft of torque.