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Is the McLaren P1 order book about to close?

We’re hearing that McLaren is ready to close the order book for their P1 supercar before the specification – or the car – have been fully revealed. We’ve had the reveal of the P1 Concept – and seen it floating round the world as McLaren drum up potential customers with enormous bottomless pockets – and we’ve even seen the P1 on the move as McLaren shake down the development version of the P1. But so far we haven’t had the full specs of the P1 revealed and, as far as we can tell, McLaren hasn’t even divulged the full details of the P1′s power and performance to potential customers – no matter how wealthy they are.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.

Autoweek in review: What you might have missed

The week started off well for BMW fans with the release of the redesigned 3-series wagon. The fifth-generation wagon is expected to reach the States in 2013. RM Monaco raked in more than $43 million in sales over the weekend.