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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.

Peugeot SR1 concept

Well ahead its anticipated debut at the 2010 Geneva motor show, Peugeot has released renderings of the SR1, a new 2+1 concept which showcases the stylistic design direction of the brand's future models. The hardtop convertible concept car is said to embody the new world of Peugeot, reflected by the new Lion badge which adorns its sculpted hood. Designed to explore and reinterpret the 'Grand Touring car' theme, with a long, sculpted hood, flowing body panels made of carbon and a very low center of gravity, the aesthetic traits of the SR1 are claimed to renew Peugeot's strong stylistic identity and create a new design language.

VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.