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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.

Volvo halts production of Electric cars & question EU’s CO2 & EV targets

The Volvo C30 EV won't be going in to production Volvo has decided it will not put the C30 electric Car in to production and has called on the EU to address CO2 and EV targets. Just as many other car makers are doing, Volvo has had a small fleet of electric test cars plodding round the roads to see what they’re capable of in the real world, in Volvo’s case a fleet of electric C30s. But Volvo has decided that a production version of the C30 EV is a futile project and has revealed they will not be making a production version.

BMW wins 2008 International Engine of the Year

By Ben Pulman Motor Industry 08 May 2008 10:21 BMW’s petrol twin-turbo 3.0-litre straight six has won the 2008 International Engine of the Year award. It’s the engine’s second successive victory and BMW’s record-breaking fourth consecutive win. BMW has scooped the top award in six of the last ten years.