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Unique pre-war Lagonda saloon headed for auction

AN ULTRA-RARE V12-engined Lagonda Hooper two-door saloon from 1939 is set to headline an auction of amazing old cars. The Lagonda V12 Hooper is technically unique in history, having been built specifically for the wife of the owner of Hooper Bodies Ltd., the most noted coachbuilder of the pre-war era. Now, 75 years after it was built, it needs a complete restoration but still looks set to receive bids topping at least £75,000.

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.

Chrysler says it needs another $2 billion in aid

In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.