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McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.

McLaren MP4-12C gets 616 bhp

The McLaren MP4-12C is about to get some upgrades – including an extra 25bhp – which will also be offered to existing owners free of charge. On balance, what McLaren has achieved with the MP4-12C is nothing short of remarkable. Yes, there have been a few glitches along the way, but in truth they have been little more than the sort of hiccups almost any new supercar suffers as it escapes in to the wild and has to deal with the real world and real drivers.

Peugeot 308 is European Car of the Year: Geneva Motor Show

Peugeot 308 is European Car of the Year The Geneva Motor Show also means the announcement of the European Car of the Year for 2014, and the gong for this year has gone to the new Peugeot 308. It took a jury of 58 journalists from 22 European countries to decide the new 308 offers such an appealing package it is a more impressive car than any of the seven finalists left in its wake. It’s a very mainstream choice from the jury, some would say a surprise too, and will no doubt please Peugeot to have their fourth COTY title after the 307 (2002), 405 (1988) and 504 (1969) were previous winners.