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McLaren Automotive officially launches as the MP4-12C speeds toward production

McLaren Automotive laid out its ambitious plans to become a competitive player in the high-performance car market on Thursday and wants to build up to 4,000 top-shelf sports car annually by the middle of the decade. The company held a grand opening at its base in Woking, England, to celebrate the progress and officially unveil the MP4-12C as it moves toward production. The estimated 592-hp supercar is expected to be exceptionally light and aerodynamic as the company takes aim at the best of Ferrari and Lamborghini.

McLaren MP4-12C Spider (2012) first teaser photo

McLaren today issued this first teaser photograph of the second model in its fledgling road-car line-up: the new McLaren MP4-12C Spider. No prizes for spotting it's a convertible version of the existing MP4-12C coupe. Expect it in showrooms later in 2012, priced to compete with the £198,936 Ferrari 458 Spider.

Lexus LFA supercar is sold out, Toyota says

Toyota has sold all 500 copies of the Lexus LFA supercar that it plans to build. Toyota will build only 20 copies of the 552-hp two-seater per month for a two-year period beginning in December. Each car carries a $375,000 base sticker price.