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CONFIRMED: McLaren P13 will arrive in 2015 to take on Porsche 911 & Audi R8

McLaren has confirmed the McLaren P13 will arrive in 2015. The original plan for McLaren’s new range of supercars was that the 458-bashing 12C would arrive first (which it did) followed by a more affordable mid-engined car – think nearer £100k than £200k – to mop up sales from the Porsche 911 and Audi R8. But McLaren decided they should get the P1 out before the P13 so they could give their dealer network a nice halo model, and go head-to-head with LaFerrari and the Porsche 918 Spyder.

Lexus IS 300h promises unrivalled ownership costs

The new Lexus IS - launched at Detroit in January and costing from £26,495 for the IS 250 in the UK – actually offers ownership costs that eclipse diesel offerings from the likes of Jaguar, BMW, Audi and Mercedes, say Lexus. Despite the logical assumption that the complex hybrid powerplant in the IS 300h would cost more to maintain, Lexus say the opposite is true. Because it has no clutch and the starter motor and alternator are integrated they require no servicing or replacement and Lexus has fitted a timing chain instead of a timing belt, so it won’t need regular replacement either.

Saab owner and Chinese investors continue talks regarding takeover deal

Talks between Saab's owner Swedish Automobile and two Chinese investors on a takeover deal to rescue the ailing carmaker will continue even though a memorandum of understanding signed by the parties only runs until Tuesday, Saab said. "They (the parties) are still in discussions about the structure of the deal going forward and they are continuing their cooperation as if the memorandum of understanding continues," Gunilla Gustavs, a Saab spokeswoman, told Automotive News Europe. The Chinese companies, Pang Da Automobile Trade Co.