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McLaren P1 flames on at Yas Marina

We know the McLaren P1 is ungodly fast. As evidence, we present this video of the new hypercar at the Yas Marina Circuit in Abu Dhabi doing some test laps, courtesy of YouTube sensation Shmee150. The cars were there for a McLaren 12C owner's meet.

Crunch watch Dec 08: the auto industry in crisis

By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.

BMW 5 Series GT (w/ Video)

BMW officially took the wraps off the production version 5 Series Gran Turismo today. The new model, previewed in concept form at the Geneva motor show in March, is set to bridge the gap between the automaker's X5 SUV and the 5 Series Touring wagon. As we expected, BMW has remained true to form: the 5 Series GT is identical to the design of its concept precursor, including a lower body section and taillamps that call to mind the latest BMW 7 Series, a front end reminiscent of the CS concept, and an upper cabin design familiar to anyone who's seen an X6.  The interior has seen the most change, if only in color and trim.