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McLaren managing director on leave, not expected in Geneva

McLaren Automotive's U.S.-born managing director, Antony Sheriff, is expected to be absent from the launch of the P1 hypercar at Geneva next week because he is on extended leave from the company. No reason for Sheriff's absence has been given, although McLaren is at pains to point out that he is “still employed as McLaren Automotive's managing director.” Rumors were circulating about Sheriff's absence from Woking in January, but company spokesmen back then stressed that he was still employed by McLaren and would unveil the P1 at Geneva. Despite those assurances, sources had reported earlier in the year that Sheriff “hadn't been seen in his office” for some days.

Lotus Elise Club Racer released for U.K.

Lotus will release a stripped-down version of the Elise, called the 1.6 Lotus Elise Club Racer. However, it will be available only in the United Kingdom. The already scant two-seater loses another 54 pounds with measures such as the use of a lightweight battery, the deletion of sound-deadening material and the removal of the radio speakers.

The Boss is back: Iconic Ford Mustang reborn

WITH VIDEO--Soon to be thundering down an open road near you is the resurrected Ford Mustang Boss 302. Based on the 5.0-liter Mustang GT, the 2012 version of the muscle-car classic was revealed on Friday at Laguna Seca, where Parnelli Jones won the 1970 Trans-Am season opener in a Boss 302. The new Mustang builds on the iconic Bosses famous for their looks and performance in the late '60s and early '70s.