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RM's Auburn auction caters to car enthusiasts over Labor Day weekend

RM Auctions may be best associated with high-end sales that feature fewer than 200 vehicles, but don't let its reputation fool you. Since being established in July, Auctions America by RM Auctions has secured more than 1,000 vehicles for its inaugural Auburn Fall Collector Car Auction, Sept. 2-5.

McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren

The McLaren P1 (pictured) boosts McLaren’s profits We’re starting to see the McLaren P1 – McLaren’s modern replacement for the iconic McLaren P1 – rolling out to lucky owners, and that will continue apace during 2014. Which means McLaren will see a big rise in its turnover and an even bigger rise in profits – up four-fold – as the £866,000 P1 replenishes McLaren’s bank account. But, although it will take a while to build, deliver and get paid for all 375 P1s, the P1 won’t be a long-term cash cow for McLaren, just a nice little booster as it starts to plan to up production to 4,500 cars a year over the next few years.

HERTZ TO OFFER ELECTRIC IMIEV HIRE

THE HERTZ Corporation has signed an agreement with Mitsubishi Motors in the UK to add the pure-electric vehicle (EV) i-MiEV city car to the fleets of Hertz and car sharing club Connect by Hertz in the UK. The rollout has already begun with two Mitsubishi i-MiEVs now available for Connect by Hertz members to zip around London. Hertz plans to add further i-MiEVs to its fleets throughout the year across the UK, as well as offering vehicles for corporate and university pool fleets.