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McLaren turns the corner, posts first profits
Wed, 04 Jun 2014By 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.
Tesla Model S warranty extended to 8 years for Drivetrain
Sat, 16 Aug 2014Tesla Model S warranty extended to 8 years for Drivetrain The Tesla Model S – perhaps the only truly useable electric car – has taken the motoring industry by storm, and now it’s getting better still for owners as Tesla announce an extended warranty on the drivetrain of the Model S to 8 years, matching that of the battery pack. The warranty also applies retrospectively, so all Model S Teslas already in the hands of owners are covered – and the warranty can be transferred to as many new owners as needed – for a full 8 years, which is unlimited for the 85 models and 125k miles for the 60 models. It’s a strong response from Tesla after a number of long-term tests (by Consumer Reports and Edmunds in particular) produced a number on niggling problems, and standing behind their product so solidly – just as Hyundai/Kia did – may not take the niggles away but it will give comfort to prospective buyers (if not shareholders, at least in the short term).
New 2014 Corvette caught in the wild
Thu, 07 Feb 2013The 2014 Chevrolet Corvette Stingray made its Detroit auto show debut in two of the 10 colors on the palette--Torch Red and Cyber Gray. Engineers wasted no time stripping the camouflage off prototypes, exposing three other colors on highways in Arizona--Black, Laguna Blue and Velocity Yellow. Cars wearing those colors have been photographed in the wild by Corvette fans and sent to us--the latest a Laguna Blue Corvette from Elliott Gosch of Scottsdale--along with being posted on fan sites such as www.corvetteforum.com and www.corvette7.com.