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McLaren reveals new London dealership

So where’s the posh new London dealership for the new McLaren MP4-12C? Just a stone’s throw from the old Park Lane McLaren site, it's emerged. One Hyde Park is the new home for the company in the UK’s capital city, and McLaren predicts that the flagship London store will be the busiest of the planned global outlets for the MP4-12C supercar, thanks mainly to the prime Knightsbridge location.

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.

Lexus sketches future compact for the Frankfurt motor show

Lexus is jumping into the compact fray and has released a sketch of a concept that will be revealed at the Frankfurt motor show on Sept. 15. Lexus says the premium small car will make a design and technology statement, though further details are not available.