New McLaren F1 to get 1000 bhp – private reveal at Pebble Beach

The new McLaren F1 – McLaren P12 Project – will be revealed to private clients at Pebble Beach next month and gets 1,000bhp. McLaren’s successor to the iconic McLaren F1 is nearly upon us, and according to a McLaren owner we’ve spoken to it looks set to be revealed privately at Pebble Beach next month prior to a public debut at the Paris Motor Show in September. According to our source, McLaren already has at least two complete cars to show and has shown the new F1 – which may be the McLaren 799 – to a number of wealthy McLaren clients already.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

Autoweek in review: Cadillac tests the ELR, we explore “automotive truisms,” and give thoughts on a 2012 Mercedes-Benz

The upcoming Cadillac ELR was spotted on the road, testing in camouflage. Autoweek explores “Automotive Truisms” with an Aston Martin Vantage V12. Enjoy the sights and sounds of the Aston on-track.