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Video: Hagerty reviews Friday action at Monterey Peninsula auctions

Hagerty magazine publisher Rob Sass recaps Friday's top Monterey auction results from Russo and Steele, Bonhams, Mecum and RM Auctions with Hagerty Price Guide's Dave Kinney and professional appraiser Donald Osbourne. The Monterey Week is packed with car shows, vintage racing and car auctions. Autoweek will be there providing streaming photo galleries and live coverage of the Pebble Beach Concours d’Elegance, historic racing at Laguna Seca, the Monterey car auctions and much more.

McLaren P1 gets 903bhp

McLaren has revealed that their new supercar – the McLaren P1 – will deliver 903bhp and have emissions below 200g/km. The McLaren P1 will get 727bhp from its 3.8 litre V8 with an additional 176bhp coming from an electric motor for a combined power delivery of 903bhp, with the V8 contributing 531lb/ft of torque and the electric motor an instant 192lb/ft for a combined torque of 664lb/ft at 4000rpm. The boost from the electric motor is instantly available at the flick of a button on the steering wheel – McLaren call it Instant Power Assist System (IPAS) – which instantly throws more additional power to aid the McLaren’s V8 than a pair of Fiestas can manage.

Beattie joins Fisker as prices climb

Fisker Automotive, maker of the luxury hybrid Fisker Karma, has appointed luxury-brands executive Richard Beattie to the newly created position of chief commercial officer. Beattie will be responsible for sales, marketing and customer service for the brand. Beattie comes from a strong run as executive vice president of sales and marketing for Jaguar North America and, before that, for Jaguar Land Rover North America, positions which followed a career at Ford, where he was most recently president and CEO of Mazda’s North American operations.