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Glendale, California, US
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McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren
Wed, 02 Apr 2014The 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.
General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson
Sun, 29 Mar 2009General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.
Drivers against remote stopping devices
Mon, 31 Mar 2014EU PLANS to introduced remote stopping devices that can be activated by the police in an emergency have been met with concern by drivers. Under the proposed legislation a six-year timetable for remote stopping devices is planned with the aim of police being able to bring dangerous high-speed car chases to a halt. A device would be fitted to all cars that would allow a central control room to cut the ignition and fuel supply of any vehicle.