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New Lexus IS price from £26,495
Wed, 13 Feb 2013The 2013 Lexus IS will cost from £26,495 for the IS 250 SE rising to £38,495 for the IS 300h Premier in the UK. First customer cars due July 2013. Starting point for the new IS is £26,495 for the entry-level IS 250 SE, with the hybrid IS 300h SE starting at 29,495.
General Motors spending $131 million to upgrade Corvette plant
Wed, 04 May 2011General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.
McLaren turns the corner, posts first profits
Wed, 04 Jun 2014By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.