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McLaren Automotive officially launches as the MP4-12C speeds toward production

McLaren Automotive laid out its ambitious plans to become a competitive player in the high-performance car market on Thursday and wants to build up to 4,000 top-shelf sports car annually by the middle of the decade. The company held a grand opening at its base in Woking, England, to celebrate the progress and officially unveil the MP4-12C as it moves toward production. The estimated 592-hp supercar is expected to be exceptionally light and aerodynamic as the company takes aim at the best of Ferrari and Lamborghini.

Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Opel / Vauxhall Insignia Sports Tourer Crossfour revealed

Insignia Sports Tourer Crossfour leaks out Opel / Vauxhall are planning a competitor to the Audi Allroad with a high-riding version of the Insignia Sports Tourer CrossFour. Audi have had the butched-up estate market pretty much all to itself for a long time with the Allroad, but hot on the heels of theVW Passat Alltrack we now look like we’re about to get a new competitor from GM in Europe – the Vauxhall / Opel Insignia Sports Tourer CrossFour. Opel has taken the normal recipe for the CrossFour, with plastic bits bolted on to the bumpers and wheel arches, a higher ride height and the obligatory four wheel drive, and mixed them in to the very capable Insignia Sports Tourer.