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McLaren P1 - full story at Paris motor show 2012

Journalists often talk of cars stealing the limelight at motor shows. If any larceny was witnessed at the 2012 Paris motor show, it was most likely occurring on the McLaren stand, where the stunning P1 hypercar made its world debut. This is the culmination of Project P12, renamed as the P1 concept car to reflect F1's obsession with first slot on the grid.

McLaren MP4-12C arrives in USA (video)

The MP4-12C hits the US The McLaren MP4-12C has finally hit the USA, and to celebrate McLaren has put together a video showing its arrival in America. Being a supercar lover in the USA can have its drawbacks, particularly if you have a penchant for supercars from smaller car makers, because the US can be rather tetchy about letting a handful of supercars on American roads, just in case they destroy the fabric of American society. McLaren had that problem with their last car – the iconic McLaren F1 – and it took years for the legislative mess to be sorted to let ultra rich Americans indulge in a bit of McLaren love (mind you, it also lined McLaren’s pockets as they charged and arm and a leg for software to make US F1s legal).

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.