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Ferrari LaFerrari vs McLaren P1: the stats and specs battle

Arch rivals Ferrari and McLaren have both revealed their new hypercars at the 2013 Geneva motor show today. Both produce over 900bhp and 650lb ft, hit 62mph in under three seconds, top 217mph, and cost nearly £1m. When we drive both cars in the coming months their different characters will no doubt be revealed, but for now here's how the pair match up head-to-head...

IRANIAN PRESIDENT AUCTIONS PEUGEOT

IRANIAN President Mahmoud Ahmadinajad is auctioning his 1977 Peugeot 504 to raise money for charity. The often controversial leader is inviting bids through Iran’s Central Bank, with the money raised intended to be used to build homes for the poor and disabled of Iran. Interested parties can register through a website in order to place offers.

TrueCar announces women's racing initiative

TrueCar, publishers of new-car-transaction data, revealed plans for a multiyear push into motorsports sponsorship but with a twist. TrueCar will throw its money behind female racers in premier series and up-and-coming ones in numerous development series. "TrueCar is built upon the foundation of empowering individuals with the tools and resources they need to become expert car buyers," TrueCar founder and CEO Scott Painter said.