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McLaren 12C Spider confirmed for July 3 reveal

McLaren Automotive officially announced on Friday that it will reveal the 12C Spider, an open-top version of the MP4-12C supercar, on July 3. There has been much speculation about an open-top version since the release of the original MP4-12C. In a video interview, McLaren Formula One driver Jenson Button extols the virtues of open-top driving.

BMW reveals M3 GT2-based Art Car

This brightly coloured beast is BMW’s latest Art Car, and the company's entry into this year’s Le Mans 24hrs. Based on the M3 GT2, the 17th Art Car has been designed by Jeff Koons and was unveiled last night at the Centre Pompidou in Paris. BMW might not need such help – the M3 GT2 has already picked up a first place at this year’s Nurburgring 24hrs.

GM preps for new engines, 8-speed transmission

General Motors is spending $332 million to upgrade powertrain plants in three states to build a new eight-speed automatic transmission, a new V6 and a new family of small-displacement gasoline engines. The plants are in Indiana, Michigan and Ohio. GM is also adding $46 million to an earlier $600 million program to upgrade powertrain plants in Saginaw and Romulus, Mich.