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McLaren to bring F1 GTR, LM and Longtail to Goodwood

McLaren is taking the 24 Hours of Le Mans off this year -- actually, it has taken the last 14 years off -- and is instead concentrating on a British tradition: the Goodwood Festival of Speed. The company confirmed it would bring the 1995 Le Mans-winning McLaren F1 GTR to take on the hill this year. It will be joined by the one-off prototype McLaren F1 LM, as well as the Gulf-liveried McLaren F1 GTR Longtail, which claimed second place in 1997.

Honda issues recall due to braking problem

Honda is recalling more than 180,000 vehicles in the U.S. due to a potential vehicle stability assist problem that could cause the system to apply a small amount of brake without any input from the driver. According to Honda, an electrical capacitor on the VSA control unit could have been damaged during the manufacturing process, causing the braking problem.

News watch February 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe)  • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.