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McLaren Automotive officially launches as the MP4-12C speeds toward production

McLaren Automotive laid out its ambitious plans to become a competitive player in the high-performance car market on Thursday and wants to build up to 4,000 top-shelf sports car annually by the middle of the decade. The company held a grand opening at its base in Woking, England, to celebrate the progress and officially unveil the MP4-12C as it moves toward production. The estimated 592-hp supercar is expected to be exceptionally light and aerodynamic as the company takes aim at the best of Ferrari and Lamborghini.

Range Rover LRX announced

The Range Rover LRX will debut in 2010 and go on sale in 2011 We last reported on the Land Rover LRX last month, when it became pretty clear that Land Rover are pushing ahead with the project after receiving some Government funding for the LRX Concept in March. And it seemed that they were planning to show the RR LRX in June next year – 40 years on from the first showing of the original luxury off-roader – the Range Rover – in 1970. That now seems to be confirmed, with Land Rover stating the LRX will debut next year and go on sale in 2011.

Clunkers claims hit $1.15 billion Monday, government says

Dealer claims for cash-for-clunkers rebates continued to climb late last week after it became clear that the program would get $2 billion in new funding. Dealers had submitted 273,077 applications totaling $1.15 billion as of Monday morning, the Department of Transportation said today. That's about $120 million above the figure of last Friday morning.