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May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

Volkswagen's U.S. boss talks Beetle, future plans

It's been a crazy week for Volkswagen and U.S. chief executive Jonathan Browning. On Monday, the 2012 Beetle was revealed after great anticipation at gala events in New York and Shanghai.

McLaren P13 set to arrive in 2014

The next new car from McLaren – codenamed P13 and set to take on the Porsche 911 and Audi R8 – now looks set to arrive in 2014. McLaren’s plans for a new range of road cars have been in play for a number of years, and we initially expected the 12C to arrive first to take on the Ferrari 458, which it did, followed by a cheaper McLaren set to take on cars like the Porsche 911 and Audi R8. We got the McLaren MP4-12C (which McLaren now like us to call the 12C) followed by the 12C Spider – just as we first thought - but it seems McLaren was under pressure from its new dealer network to get the replacement for the legendary F1 out next, so McLaren switched tack and delivered the new McLaren P1.