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McLaren MP4-12C to cost £168,500

McLaren will charge £168,500 for the MP4-12C supercar in the UK. That's the new 2011 price, including the rise in VAT from 17.5% to 20% from 1 January. Today's news means that the MP4-12C will cost £1000 less than a Ferrari 458 Italia, its arch rival, at existing tax rates.

Second annual ENG Automotive Design Summit held in Rome

European Networking Group (ENG) held their second annual Automotive Design Summit May 12-13. To follow on from the success of last years event in Barcelona, the event was held in the stylish Es Hotel in Rome, Italy. The event featured workshops sessions and business case studies from some of the most renowned designers in the industry, seeking to bring both knowledge and inspiration to the participants over the two day event.

Avoid being bumper-to-bumper this Memorial Day weekend

Nothing burns gasoline better--or in more irritating fashion--than getting caught in stop-and-go traffic. And this is The Weekend to take to the road. There are the 32.1 million Americans traveling over the holiday, and 87 percent are driving, according to AAA.