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McLaren P1 lapping the Nurburgring in UNDER 7 minutes in stunning new video

The McLaren P1 laps the Nurburgring in under 7 minutes Ever since Ron Dennis claimed the McLaren P1 would be able to lap the Nurburgring in under seven minutes, we’ve been waiting for McLaren to prove it. It seems their initial attempts failed to get below the magic 7 minute barrier – unlike the Porsche 918 Spyder which lapped the Nurburgring in 6m 57s – but last month we reported that the P1 seemed to have achieved its goal by going 10 seconds faster than the Porsche in  an almost unbelievable 6 minutes 47 seconds. Unfortunately, we still don’t know officially just how quickly the P1 got round the Nurburgring, but we do now know that it was under 7 minutes thanks to a new video just released by McLaren.

Market view: why the Jaguar XJ has an uphill battle

By Glen Brooks Motor Industry 10 July 2009 16:11 It’s a sobering thought for Jaguar management that no matter how good the new 2010 XJ is, it’s never going to be a big seller. The global market for large executive saloons was in decline long before the Great Recession appeared, the buyers in this segment increasingly tempted by models as diverse as the BMW X6, Infiniti FX, Cadillac Escalade or Mercedes GL-Class crossovers and SUVs. The generation that was chauffeured in an S-class or XJ is retiring, with the owner-drivers who succeed them soon to be preferring a Porsche Panamera, Aston Martin Rapide or Audi A7.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.