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Crunch watch Nov 09: the auto industry in crisis
Mon, 30 Nov 2009Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour Monday 30 November 2009• Saab's future is likely to become clearer tomorrow when the GM board meets in Detroit. It will have to decide whether to seek a new buyer or put Saab into liquidation (Financial Times)• Don't rule out an eastern bid for Saab: Beijing Automotive is still interested in buying the Swedish car maker despite its joint bid with Koenigsegg hitting the rocks, reports Automotive News.
One Lap of the Web: Bugatti state of mind
Fri, 21 Mar 2014-- Last week, we looked at the new Bugatti exhibit at the Mullin Museum, which taught us more about Bugatti in an afternoon than the last three years of idly flipping through Pebble Beach programs. Having thus immersed ourselves in the House That Ettore Built, we'd really like to drive to work in a faithful Type 35 replica by the aptly named Pur Sang, which Mark Dixon of Octane drove for his 140-mile commute. "You need to keep the revs up while the engine clears its throat and warms its plugs," he writes.
McLaren P1 Track confirmed as McLaren Automotive goes in to profit
Wed, 04 Jun 2014McLaren are building a track version of the P1 (pictured) for P1 customers only It’s only three years since McLaren Automotive entered the hugely competitive market for high-end supercars (well, it’s four years, but only three since the first 12C went to a customer), but it’s already in profit. McLaren made an operating profit in 2013 of £12.4 million (and a pre-tax of £4.4 million) on sales of £284.4 million and did so – as predicted – by hitting their sales targets – McLaren sold 1359 12Cs and 36 of the McLaren P1 hypercar. And that looks to be just the start.