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Honda to leave F1

The rumour mill is working overtime on everything cars at the moment. But this story seems to be for real. Honda is set to announce that its Formula 1 Team is to be put up for sale with immediate effect, and if no buyer materialises then it intends pulling out of the new Formula 1 season due to start in March 2009.

Audi RS7: 2013 Detroit Auto Show

The new Audi RS7 has been revealed at the Detroit Auto Show complete with the 552bhp 4.0 litre V8 from the new Audi RS6 Avant. With the same 552bhp 4.0 litre V8 the new RS6 Avant gets, the 2013 RS7  has permanent 4WD and can get to 62mph in the same blistering time as the RS6 Avant – 3.9 seconds – and on to a top speed of 155mph. That is unless you specify the Dynamic or Dynamic Plus package and then the RS7 can hit either 174mph or 189mph.

McLaren P1 Track confirmed as McLaren Automotive goes in to profit

McLaren are building a track version of the P1 (pictured) for P1 customers only It’s only three years since McLaren Automotive entered the hugely competitive market for high-end supercars (well, it’s four years, but only three since the first 12C went to a customer), but it’s already in profit. McLaren made an operating profit in 2013 of £12.4 million (and a pre-tax of £4.4 million) on sales of £284.4 million and did so – as predicted – by hitting their sales targets – McLaren sold 1359 12Cs and 36 of the McLaren P1 hypercar. And that looks to be just the start.