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McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren
Wed, 02 Apr 2014The McLaren P1 (pictured) boosts McLaren’s profits We’re starting to see the McLaren P1 – McLaren’s modern replacement for the iconic McLaren P1 – rolling out to lucky owners, and that will continue apace during 2014. Which means McLaren will see a big rise in its turnover and an even bigger rise in profits – up four-fold – as the £866,000 P1 replenishes McLaren’s bank account. But, although it will take a while to build, deliver and get paid for all 375 P1s, the P1 won’t be a long-term cash cow for McLaren, just a nice little booster as it starts to plan to up production to 4,500 cars a year over the next few years.
Carroll Shelby honored with Keith Crain achievement award
Thu, 27 Jan 2011Famed car designer Carroll Shelby received the 2011 Keith Crain/Automotive News Lifetime Achievement Award on Thursday evening during the Washington auto show. The award is given annually to an individual who has made a significant contribution to the auto industry. "I accept this award with all of the humility a person could have," Shelby said.
Chevrolet WTCC Ultra
Thu, 28 Sep 2006By Phil McNamara Motor Shows 28 September 2006 09:48 Chevrolet Ultra: the lowdown Hidden beneath the WTCC Ultra's wild touring car looks is Chevrolet's 2008 Ford Focus rival. GM's headline concept car at today’s Paris motor show (Thursday 28), the Ultra previews Chevrolet's future design direction, as well as the Lacetti replacement. Although the muscular bodykit, ultra-wide track, funky graphics and slitty rear window will all be toned down for production, 'you won’t miss the connection when the production car arrives,' a GM insider told CAR Online.