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McLaren MP4-12C Can-Am (2012) racer revealed

McLaren will show this MP4-12C Can-Am racing car at the Pebble Beach Concours d'Elegance in August 2012. It's only a one-off design study at the moment, says McLaren, but the Can-Am racer could morph into an off-the-shelf racer for well-heeled enthusiasts keen to take their racing seriously - if there's enough interest. What are the specs of the McLaren MP4-12C Can-Am racer?

£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

Holden reveals VF Commodore SS V before Chevy SS bows

General Motors’ Australian arm, Holden, revealed the new VF Commodore SS V before its brother-in-arms, the Chevy SS, gets revealed this weekend at Daytona. The show car is finished in a color named Fantale orange metallic. Unfortunately, Holden and GM kept hidden the most exciting parts of the new full-size, rear-drive platform: the engine and price.