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McLaren MP4-12C to cost £168,500

McLaren will charge £168,500 for the MP4-12C supercar in the UK. That's the new 2011 price, including the rise in VAT from 17.5% to 20% from 1 January. Today's news means that the MP4-12C will cost £1000 less than a Ferrari 458 Italia, its arch rival, at existing tax rates.

Volkswagen to crank up U.S. Passat production

Volkswagen of America is prepared to expand production of the U.S. Passat less than four months after building its first one. The automaker is looking for a sign from the market to boost production at its just-opened plant in Chattanooga, Tenn.

Toyota Avensis updated

Toyota has upgraded the Avensis with new engines and spec changes First up is a new, entry-level 1.6 litre petrol Valvematic, which offers 0-60 mph in a bit over 10 seconds, and returns 43.5 mpg. Available in T2 and TR grade saloon and tourer models, the petrol engine gets mated to a six-speed manual ‘box Also new is the 2.2 litre diesel with 148bhp and a 0-60 of 9.5 seconds. This gets Toyota’s 6-speed auto ‘box.