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McLaren P1 GTR OFFICIALLY previewed – debuts at Pebble Beach Concours d’Elegance

The McLaren P1 GTR (pictured) will debut at Pebble Beach 2014 We learnt last month that McLaren had decided to produce a P1 for the track – a la the Ferrari FXX programme – and in the process revive the GTR moniker from the iconic McLaren F1 GTR to create the new McLaren P1 GTR. Now McLaren are previewing the debut of the P1 GTR at next month’s Pebble Beach Concours d’Elegance with a  design sketch of the P1 GTR ahead of its real life reveal in California. Following in the giant steps of the F1 GTR – and those of the road-going P1 – will be no easy task, but what’s on offer certainly offers lots of promise.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.

BMW shows off first F30 335i racing machine

When one's thoughts get to meandering and said meanderings lead to Bavarian racing machines, BMW's M cars are often first to mind. But the first race car built on BMW's new F30 bones is actually a 335i. Given that the new car's stock turbo six cranks out power similar to that of the naturally aspirated screamer in the 2001-06 E46 M3, building a dedicated rennsport machine from a non-M 3-series doesn't seem like the great loss of opportunity it once could've been.