McLaren unveils new supercar

After years of spy shots and speculation, McLaren Automotive finally took the wraps off its latest supercar, the MP4-12C. The MP4-12C follows the McLaren F1 (1993-1998) and the Mercedes-Benz SLR McLaren (2003-2009). McLaren Automotive says the MP4-12C is the first in a line of new sports cars it will produce, but won't say when or how many more will come.

Saab seeks court protection from creditors

Saab is filing for protection from creditors from a Swedish district court, the automaker's owner, Swedish Automobile, said Wednesday. Saab is seeking court approval for a voluntary reorganization to secure short-term stability while it waits for funding from Chinese investors Pang Da and Zhejiang Youngman, Swedish Automobile said in a statement. Victor Muller, CEO of both Saab and Swedish Automobile, said in a statement: "We have concluded that a voluntary reorganization process will provide us with the necessary time, protection and stabilization of the business, allowing salary payments to be made, short-term funding to be obtained and an orderly restart of production to be prepared." Muller remains optimistic about Saab's future.

Brabus tunes Mercedes-Benz GLK

Yes, this is the same Mercedes-Benz GLK that broke cover in New York during the Sex and the City movie, but we guarantee Carrie, Sam, Miranda and Charlotte wouldn't be caught dead in it. That's because German tuner Brabus took the standard Mercedes GLK and made it into a 200-mph freight train. The go-fast guys started by wedging a Mercedes-sourced, twin-turbo V12 into the GLK's engine bay.