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Supermarkets cut petrol prices

MOTORISTS have received some late-autumn cheer in the form of supermarket cuts to the price of petrol. Asda, Morrisons, Sainsbury's and Tesco all announced that reductions would take effect from today. Asda said that no one filling up at its forecourts would pay more than 126.7p a litre for petrol from today , with diesel priced at 133.7p.

Infiniti planning to take on Porsche Panamera

Infiniti planning to make the Essence Concept (pictured) in to a Panamer-like Coupe Back in 2009 – ahead of Infiniti launching in Europe – the Infiniti Essence arrived at the Geneva Motor Show as an illustration of what we could expect to see from Infiniti in the future. That was four years ago, but now it looks like the Essence may be on its way to production – after a slight stretch and the acquisition of a couple of extra doors – after Andy Palmer, Nissan’s VP for Future Products, told Automotive News Infiniti is planning a range-topping flagship to take on the Porsche Panamera. The Essence seems a good starting point for that mission; it’s already a big (over 15′ long) swoopy-coupe with a hybrid powerplant consisting of a 3.7 litre turbo V6 and electric motor combination good for 590bhp.

McLaren turns the corner, posts first profits

By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.