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McLaren P1 production starts in Woking

McLaren P1 production starts in Woking The Geneva Motor Show in March saw the arrival of the first production version of the new McLaren P1 (and its arch-rival, the LaFerrari). But it’s taken until now – seven months later – for McLaren to finish final testing of the P1 before pressing the button on their clinical assembly line to start customer P1s rolling out. In between the reveal at Geneva and production starting, McLaren have been having a bash at the Nurburgring (with mixed results) and doing some final hot weather testing on the P1, but now – apart from a few inevitable tweaks once the P1 gets out in to the real world – the P1 is ready for its customers.

Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?