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McLaren P1 almost sold out

The McLaren P1 (pictured) is almost sold out The last time McLaren decided to build a supercar to beat all supercars was with the McLaren F1 but, despite it’s huge ability and now iconic status – and huge value – they had to give up making it after just 64 cars as they couldn’t find buyers. Fortunately – for McLaren are a bit stretched non all fronts at the moment – it seems that history isn’t repeating itself with the new McLaren P1 as reports today suggest the P1 is all but sold out. Autocar are reporting there are just a handful of the 375 P1s left to sell, with the P1 allocation for America, the Middle East and Asia already sold out and just a handful of cars left for Europe and other parts of the world.

Renault cuts back UK range, axes Laguna, Espace, Modus

Renault UK today announced a dramatic shake-up of its range – it's axing all sales of the Laguna, Espace, Modus, Wind and Kangoo in the UK from February 2012. It's part of a big drive to improve profitability in Great Britain. It plans to stop the majority of its rental and Motability sales to improve profitability.

GM returning to leasing with luxury vehicles

General Motors will return to the leasing business focusing on luxury vehicles, but not on a broader basis, Vice Chairman Bob Lutz said. "We will get back into leasing, but we are not going to use massive subsidized leasing to drive volume because it's volume without profitability," Lutz said July 29 in an interview with Automotive News. "We'd rather sell less at higher profit than sell more at lower profit." Lutz said it still would make sense for GM to do more leasing on its luxury vehicles.