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McLaren P1 Track confirmed as McLaren Automotive goes in to profit

McLaren are building a track version of the P1 (pictured) for P1 customers only It’s only three years since McLaren Automotive entered the hugely competitive market for high-end supercars (well, it’s four years, but only three since the first 12C went to a customer), but it’s already in profit. McLaren made an operating profit in 2013 of £12.4 million (and a pre-tax of £4.4 million) on sales of £284.4 million and did so – as predicted – by hitting their sales targets – McLaren sold 1359 12Cs and 36 of the McLaren P1 hypercar. And that looks to be just the start.

Jaguar XF Sportbrake revealed before Geneva motor show

Jaguar revealed the details and some official images of the XF Sportbrake on Wednesday, a week before it makes its world debut at the Geneva motor show. Until now, we've only seen spy shots and heard rumors around the Web. Unfortunately, the stately Jag wagon isn't coming to the United States.

Former Volvo design boss Steve Mattin to join Russia's Lada

Former Volvo Cars design chief Steve Mattin will head design at the Russian brand Lada. Mattin will start at the Russian automaker on Oct. 1, Lada's owner AvtoVAZ told Automotive News Europe in an email.