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McLaren unveils new supercar

After years of spy shots and speculation, McLaren Automotive finally took the wraps off its latest supercar, the MP4-12C. The MP4-12C follows the McLaren F1 (1993-1998) and the Mercedes-Benz SLR McLaren (2003-2009). McLaren Automotive says the MP4-12C is the first in a line of new sports cars it will produce, but won't say when or how many more will come.

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

New Mercedes A Class to spawn electric version made by Tesla

New Mercedes A Class EV on the way via Tesla It would appear that Mercedes-Benz are planning an electric version of the new Mercedes A Class with a powertrain by Tesla. The new Mercedes A Class arrived at the Geneva Motor Show in March as the Mercedes answer to the BMW 1 Series, and a very convincing new A Class it looks too. From an entry-level A Class which will get a Renault 1.5 litre dCi lump to deliver a sub-99g/km model all the way up (eventually) to a 4WD, 300bhp AMG A Class, it looks like the new A Class will cover the bases for every buyer, and then some.