Buick Keychain on 2040-parts.com

McLaren MP4-12C GT3 racer (2011): first pictures

McLaren has announced it will be building a GT racing car, based on the McLaren MP4-12C, with Leicestershire-based racing team CRS Racing. The two companies will supply and support a limited number of GT3 racing cars based for European-based privateers in 2012. A development programme will come first in 2011, with a limited number of European GT races.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

MPG or performance: It's a trade with turbos

Some automakers say turbochargers offer high fuel economy and quick acceleration, the best of both worlds. Well, yes and no. Turbocharged vehicles allow automakers to keep power output high while they downsize engines for better fuel economy.