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Zagato V12 triumphs at Villa d'Este

The Aston Martin V12 Zagato was victorious at this year's Concorso d’Eleganza at Villa d’Este, winning the Design Award for Concept Cars and Prototypes. The modern interpretation of the iconic DB4GT Zagato fought off competition from ten other entries including BMW’s 328 Hommage, Audi’s Quattro concept and the James Glickenhaus P4/5 Competizione Ferrari. Dr Ulrich Bez, CEO of Aston Martin, said: “We are thrilled to see that this car conquered people’s hearts.

McLaren Special Operations (MSO) P1 and 650 S Spider Pebble Beach debut

The McLaren P1 MSO (pictured) will debut at Pebble Beach 2014 It may be Jaguar Land Rover’s Special Vehicle Operations in the news at the moment, but McLaren’s own Special Operations has been around since 2011, creating extreme examples of McLaren’s cars for deep-pocketed customers. And they’re back with two new MSO specials for this month’s Pebble Beach Concours d’Elegance. The most impressive of the two MSO cars is, of course, a special edition of the already very special McLaren P1.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.