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McLaren P1 GTR: first official info on the 986bhp track-only P1

By Michael Karkafiris First Official Pictures 13 June 2014 14:40 Here’s the official confirmation of McLaren’s track-only version of the already insane P1. The McLaren P1 GTR will pack 986bhp (or a nice, round 1000ps in metric), 83 ponies more than its street-legal sibling, a wider track, full slick racing tyres and bigger downforce levels  than the regular P1 – if you can call a car like the P1 ‘regular’. Rumours talk about a fixed rear wing instead of the deployable one on the standard car.

Saab unable to pay wages as financing crisis deepens

Saab's money troubles have worsened to the point that the struggling car maker is unable to pay its employees' wages on the eve of the Swedish mid-summer vacation period.In a brief official statement last night, Saab's parent company Swedish Automobile N.V (formerly Spyker Cars) announced that it was 'will be unable to pay the wages to employees as it has not yet obtained the necessary short-term funding.'  While Swedish Automobile and Saab continue to pursue options for securing short-term financing to solve the cashflow crisis, the company admitted 'there can however be no assurance that these discussions will be successful or that the necessary funding will be obtained.' Saab share prices tumble, Swedish government will not intervene Reaction to the worsening financial crisis from stakeholders has been predictably bleak. Swedish Automobile's shares dropped 61% in value yesterday, and are currently trading at 0.948 euro. The Swedish government, already guaranteeing a €400m loan to Saab by the European Investment Bank, shows no inclination to bail-out Saab, which employs 3800 staff.

Interior Motives China Conference 2009

As global automakers such as Porsche put the finishing touches to their show cars in the run-up to the Shanghai Motor Show on April 20th, sister publication Interior Motives is doing the same with its exciting line-up of speakers as it prepares to host the second Interior Motives China design conference in the city the following day. Scheduled to take place on 21st and 22nd April (immediately following the first motor show press day) at the InterContinental Shanghai Pudong hotel, this event will see the biggest names in Chinese, Asian and Western car design come together for a two-day program of interactive debate. Entitled 'China: Changing the landscape of car design', this year's conference will focus on the issues and opportunities facing both foreign and domestic carmakers as they search for commercial success in China.