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BMW & Toyota agree joint development of new sports car
Thu, 24 Jan 2013BMW and Toyota have signed a binding agreement to co-develop a new sports car and continue with co-developed and shared technology. The way forward for car makers seems to be either to be as big as possible for the benefits of economy of scale, or to work together on joint products to cut development costs. Which is why BMW and Toyota are getting cosy.
McLaren P1 Track confirmed as McLaren Automotive goes in to profit
Wed, 04 Jun 2014McLaren are building a track version of the P1 (pictured) for P1 customers only It’s only three years since McLaren Automotive entered the hugely competitive market for high-end supercars (well, it’s four years, but only three since the first 12C went to a customer), but it’s already in profit. McLaren made an operating profit in 2013 of £12.4 million (and a pre-tax of £4.4 million) on sales of £284.4 million and did so – as predicted – by hitting their sales targets – McLaren sold 1359 12Cs and 36 of the McLaren P1 hypercar. And that looks to be just the start.
No promises, crash footballer told
Wed, 19 Mar 2014A JUDGE told a former Premier League footballer on Tuesday that he could "make no promises" as he faces a prison sentence of up to two years after admitting dangerous driving. Ex-Watford, Wigan and Sheffield United striker Marlon King pleaded guilty at Nottingham Crown Court to a charge of dangerous driving after a three-car crash left a motorist with a broken arm. King committed the offence on his 33rd birthday while driving a Porsche Panamera on the A46 in Nottinghamshire on April 26 last year.
















