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Porsche 918 Spyder starts at $845,000

Porsche has officially put the 918 Spyder on sale for a breathtaking MSRP of $845,000. And, as an incentive to those who order the supercar, Porsche also is offering the opportunity to buy a limited-edition 911 Turbo S, called the 918 Spyder Edition. It will cost $161,650 for the coupe and $173,050 for the convertible.

New Volvo V40 & Volvo V60 Plug-in Hybrid Goodwood Festival of Speed debut

The new Volvo V40 and the Volvo V60 Plug-in Hybrid will get their UK debut at the Moving Motor Show at the Goodwood Festival of Speed. Volvo have been on something of a roll since the Chinese took the reins, and are starting to look like they’re capable of moving from the no man’s land between mainstream and premium in to proper premium car territory. The new Volvo that jumps out as capable of taking on BMW and Mercedes is the new Volvo V40, a very stylish and appealing package that looks like it will be able to hold its own against the new A Class and 1 Series.

McLaren announces markets for MP4-12C

McLaren announced 35 markets where it will sell the Formula-One-inspired MP4-12C on Friday, including New York, Chicago, Los Angeles and Toronto. Ten markets in the North America will sell the ultra-light, high-performance sports car starting in the spring of 2011. Other global markets include London, Monaco, Paris, Frankfurt, Kuwait and Johannesburg.