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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.

Cadillac Ciel concept

The Cadillac Ciel concept, a four-seat convertible, has just been revealed at the 2011 Pebble Beach Concours d’Elegance. "The Ciel is about the romance of the drive," says Clay Dean, global design director of Cadillac. "It emulates the great touring cars seen on the greens at Pebble Beach, but with a modern flair that projects Cadillac's vision for the future." Interior design manager Gael Buzyn says, "Simplicity and lightness ensure nothing distracts from the open driving experience, while the color and materials lend the feeling that the vehicle's environment blends with the surroundings." The four-door Cadillac Ciel concept was developed with a long, low proportion, reminiscent of classic automobiles, while the interior features Italian olive wood, machined aluminum and hand-tipped leather.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.