Woody's Ay6-8500 Wearbar Ace 6 Yamaha on 2040-parts.com

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.

Cuba removes new car purchase restrictions

Granma, the Communist Party’s newspaper of record in Cuba, said Wednesday that the Council of Ministers approved regulations that “eliminate existing mechanisms of approval for the purchase of motor vehicles from the state.” That means the sale of new and used cars will be allowed to the public. Up until now, Cubans could buy and sell vehicles to each other, but they had to request permission from the government to purchase a new vehicle -- the main reason for the island's unique automotive landscape. The new laws will be enacted gradually, according to Granma, with a set minimum price.

Future products: Suzuki Swift on hold as VW reviews plans

American Suzuki's product plans are murky--partly as a result of Volkswagen's acquisition of 20 percent of Suzuki Motor Corp. this year and partly because of the growing strength of the yen against the dollar. The Swift, a small car popular in Europe and Japan, was scheduled to go on sale in the United States this year.