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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 launches into production

It's finally happening. Perhaps the most anticipated British sports car in at least a decade--the McLaren MP4-12C--has gone into production. McLaren announced the news on Wednesday, and as many as 1,000 copies of the potent speedster will be built this year.

Few cars perform well in new insurance group crash test

The insurance industry has unveiled a new, tough frontal-crash test. The first batch of 11 luxury and near-luxury cars put to the test by the Insurance Institute for Highway Safety didn't fare so well--only three were rated as good or acceptable. The test rams the front corner of a car into a fixed barrier at 40 mph.