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First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

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.

Ford Focus Electric tease begins

Ford tease the Focus Electric on their Facebook page. Ford has promised that there will be an electric version of the 2011 Ford Focus by 2012. Which we’ve gone on record as saying is a daft idea.