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Porsche 918 Spyder here in 2013, says new CEO

New Porsche president and chief executive officer Matthias Müller has confirmed that the new 918 Spyder hybrid supercar is on track for a 2013 delivery. Speaking to CAR at the 2010 Paris motor show, Müller said the engineering programme was on time and that the 918 would stay faithful to the concept car revealed in March this year. ‘We are doing [engineering] concept work on the 918 at the moment and will finish at the end of 2010,’ said Müller.

Who's Where: Gordon Murray, Advanced Concepts Director, Caparo Vehicle Products

Gordon Murray yesterday became Advanced Concepts Director of Caparo Vehicle Products. Murray is best known as one of the founding partners of McLaren Cars which under his technical direction won eight Constructors Championships in Formula One. Within the automotive design community he is even better known for the McLaren F1 supercar of 1994 which he conceived and developed with, amongst others, designer Peter Stevens.

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.