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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.

Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

McLaren slows MP4-12C production for fixes

British supercar maker McLaren has slowed production of the MP4-12C because of quality issues. The company says the problems are not safety- or performance-related. "There are no safety concerns for the delay," Tony Joseph, director of McLaren North America, told Autoweek.