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New McLaren F1 to debut at Monaco 2012?

Render of the 2013 McLaren F1 It’s reported that the new McLaren F1 – know as the McLaren P12 – will debut as a concept at the Monaco Grand Prix weekend in May 2012. We first revealed that a new McLaren F1 was being developed in Woking almost three years ago, but at that time it looked like the new F1 – codenamed P12 by McLaren and perhaps destined to get the McLaren 799 moniker – would arrive after both the McLaren MP4-12C and a smaller, higher-volume McLaren aimed at cars like the 911 and R8. By 2011 reports were saying that McLaren had brought forward the new F1 to 2013 and that it would get a 5.0 V8 with something around 800bhp, a carbon fibre tub (just like the 12C) and lots of electronic handling aids like brake steer and brake force distribution, ceramic brakes and a very low weight.

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

Volkswagen Group takes over BlackBerry's European R&D center

The Volkswagen Group has taken over BlackBerry's European research and development center in Bochum, Germany. The center employs around 200 people who will transfer to the newly founded VW Group subsidiary, Volkswagen Infotainment GmbH. BlackBerry is in the midst of a global restructure, as it bids to move away from making smartphones and switch its business to software development.