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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.

Hyundai will take your car back if you lose your job – but only in the U.S

As car makers get more desperate to make sales, they are coming up with more and more to tempt the wary. Free financing, extended warranties and servicing and, in a couple of extreme examples, 2 for 1 offers. But Hyundai has come up with another offer to tempt the reluctant.

Mercedes brings virtual reality to life

MERCEDES-BENZ has created a real-life version of the racing car it designed for the Playstation 3 racing game Gran Turismo 6. Called the Mercedes-benz AMG Vision Gran Turismo, the full-size concept car previews the one that will appear in the computer game. The real-life racer takes its inspiration from Mercedes’ 1950’s racing cars, except the Vision Grand Turismo has LED lights where the classic racers had louvres.