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McLaren P12 hypercar confirmed for Paris debut

McLaren has confirmed its new flagship model, code-named P12, will make its world debut at the Paris motor show, the first time the company has attended an auto show in its recent history. The announcement was accompanied by a teaser image of the car that appears to feature an unusually low scuttle height and a glass canopy. First impressions suggest it may offer some respite from the current crop of rather uneventful-looking supercars.

Fiesta ST Concept (2012 / 2013) to show at Frankfurt

Ford Fiesta ST - expected at Frankfurt There was a time when it seemed likely Ford would abandon all plans for a hot Fiesta. They seemed convinced that a Fiesta ST would be anathema in our seemingly eco-obsessed times, but fortunately they’ve had a change of heart. We reported back in September 2010 – after we had spy shots of what appeared to be the new Fiesta ST – that Ford were planning to cash-in on their WRC Fiest profile to finally bring us a Fiesta with a bit more get-up-and-go than the Zetec S could manage.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.