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McLaren P1 – the new F1 / P12 arrives

The McLaren P1 – spiritual successor to the legendary McLaren F1 – has been revealed ahead of a public debut at Paris 2012. It’s been a long time coming, but the new McLaren P1 – the name for what we’ve thought of as the McLaren P12 or new F1 – has finally been unveiled. As expected, the new McLaren P1 has more dramatic styling than the MP4-12C with its aerodynamic parts matt black and the flowing contours of the dramatic body painted, with headlights offering a nod to McLaren’s logo and a roof scoop that’s reminiscent of the F1′s.

BMW M5 comes alive with all-wheel drive

The 2012 BMW M5 will come with a handful of firsts for the sedan. It will be the first time the car houses a turbocharged powerplant, the first time a dual-clutch gearbox is used and, most importantly, the first time the M5 gets all-wheel drive. That's the word from BMW brass in Shanghai, where Albert Biermann, head of BMW M's research and development, confirmed the powertrain, Autocar reports.

Caterham announces cut-price Seven 160 sports car

BRITISH sports car maker Caterham has announced a new low- priced version of its long-running Seven model. Dubbed the Seven 160, the new model starts at a measly £14,995 in component form or £17,995 fully built. Under the bonnet there is a turbocharged 660cc Suzuki engine and although this only offers up a modest 80bhp, that's still enough to power the lightweight Seven from 0-60mph in 6.5 seconds.