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2013 McLaren MP4-12C: Upgrades now official

The upgrades for the 2013 models of the McLaren MP4-12C have now been officially revealed and also apply to older McLarens. Earlier this week Cars UK was one of the first to report that McLaren are upgrading the MP4-12C for 2013 with a number of upgrades, including a power boost, which will also be applied to existing cars. McLaren has now caught up with our story and confirmed this.

U.S. equity firm to invest $70 million in Saab

Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.

Ferrari 430 Scuderia (2007): first official pictures

By George Barrow First Official Pictures 19 July 2007 05:10 Supercar High-performance track focused Ferraris are back on the menu in Maranello. Ferrari announced its return to the rich blokes' track day market today with this road legal F430. Due to be unveiled at the Frankfurt Motor Show by Ferrari golden boy Michael Schumacher, the most hardcore F430 yet, named the Scuderia, or 'team' (a reference to the company's racing heritage), is likely to cost around £175,000, £45k more than the standard car.