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Hagerty predicts future classics

Classic-car insurer Hagerty released its latest Hagerty Hot List last week, highlighting today's cars that are expected to be future classics. This comes on the heels of Arizona auction week, where record-breaking sales take place yearly. “After more than 20 years of witnessing car-collecting trends, we have the unique ability to look at new cars through the eyes of a collector,” said McKeel Hagerty, CEO of Hagerty Insurance.

British Honda engineers get green light from Japan

Honda UK’s small UK vehicle engineering centre is all set to grow in size and importance following approval from Japanese bosses. The British car development base supports Honda’s main European development centre in Frankfurt but has been taking on increasing responsibility in recent years. Honda Civic Tourer prototype review (2013 onwards) Honda Civic review (2012 onwards) Success here, said a Honda spokesman, has meant Japanese management feels it can hand over more responsibility to the small Swindon centre.

McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren

The McLaren P1 (pictured) boosts McLaren’s profits We’re starting to see the McLaren P1 – McLaren’s modern replacement for the iconic McLaren P1 – rolling out to lucky owners, and that will continue apace during 2014. Which means McLaren will see a big rise in its turnover and an even bigger rise in profits – up four-fold – as the £866,000 P1 replenishes McLaren’s bank account. But, although it will take a while to build, deliver and get paid for all 375 P1s, the P1 won’t be a long-term cash cow for McLaren, just a nice little booster as it starts to plan to up production to 4,500 cars a year over the next few years.