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McLaren MP4-12C arrives in USA (video)

The MP4-12C hits the US The McLaren MP4-12C has finally hit the USA, and to celebrate McLaren has put together a video showing its arrival in America. Being a supercar lover in the USA can have its drawbacks, particularly if you have a penchant for supercars from smaller car makers, because the US can be rather tetchy about letting a handful of supercars on American roads, just in case they destroy the fabric of American society. McLaren had that problem with their last car – the iconic McLaren F1 – and it took years for the legislative mess to be sorted to let ultra rich Americans indulge in a bit of McLaren love (mind you, it also lined McLaren’s pockets as they charged and arm and a leg for software to make US F1s legal).

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Ford outsells GM for second time since 1998

Ford Motor Co. outsold rival General Motors in the United States last month for the second time since 1998. Ford, aided by a 21 percent jump in truck sales amid rising gasoline prices, said today it sold 212,295 light vehicles last month, or 5,674 more than GM.