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McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.

Premium Sound System For Premium Lexus SUV

JAPANESE car maker Lexus has released a new version of its RX premium SUV. The firm claims that its RX 450h Advance model is even more generously equipped than before, with the added luxury of a Mark Levinson premium 7.1 surround sound system as standard. Despite the inclusion of the Lexus-bespoke audio package (that has a £1,000 list price) and a set of new-design 19-inch alloy, wheels, the price tag for the new Advance variant is unchanged, matching its predecessor at £48,495.

Peugeot Exalt Concept Sports Saloon revealed early

The Peugeot Exalt Concept (pictured) arrives ahead of Beijing Peugeot were busy teasing the arrival of a new sports saloon concept for the 2014 Beijing Motor Show back in January, said to evoke the styling and materials of the impressive Peugeot Onyx Concept. Now, a couple of weeks ahead of the Beijing Show, we get the first photo of that concept – the Peugeot Exalt Concept – which seems to have been sent out a few days earlier than Peugeot intended in an overnight press release dated 10th April. Oh, well.