1939/41 Ford Rear Backing Plate Assemblies on 2040-parts.com

BMW to invest £500 million in UK MINI production

David Cameron welcomes BMW's £500 million investment in the UK What’s going on? Two days on the trot we get good news about the UK economy. Yesterday we reported that Nissan are to invest £192 million to design and build the next generation Qashqai in the UK, and today comes confirmation from BMW that they will be spending £500 million over the next three years in the UK as they gear up for the next generation MINI.

Jenson Button in McLaren P1 (2013) supercar fly-by

McLaren’s P1 supercar trundled out for its first official drive-by today, when F1 driver Jenson Button drove it into McLaren’s Woking citadel before unveiling his 2013 race car. The stunt confirmed that the P1 can manoeuvre on electric power alone, unlike Button’s MP4-28: the race car’s hybrid KERS system is used to deliver a short power boost to supplement the V8. McLaren predicts the P1’s electric-only mode is a capability its forthcoming Ferrari rival (codenamed F150) won’t be able to match.

IRANIAN PRESIDENT AUCTIONS PEUGEOT

IRANIAN President Mahmoud Ahmadinajad is auctioning his 1977 Peugeot 504 to raise money for charity. The often controversial leader is inviting bids through Iran’s Central Bank, with the money raised intended to be used to build homes for the poor and disabled of Iran. Interested parties can register through a website in order to place offers.