In early trading on Wall Street, about an hour after Mary Barra’s report, GM shares were down 18 cents to $36.31.
For the first time, McLaren posted both an operating and pre-tax profit during 2013. It said the next sports car, codenamed P13, will available before the end of 2015. It will be priced below current models, will be mid-engined, and will carry two. It anticipates annual production of about 4,000. McLaren will also crank out a limited run of track-only editions of its P1. It will available only to clients who have ordered one of the 375 road legal versions. McLaren claims it will be its “most powerful car yet.” The P1 is pictured.
Subaru said one of its WRX STI models has set a new course record for a lap of the famed Isle of Man TT Road Course. It achieved an average lap speed of 116.470 mph breaking the record of 115.36 set three years ago.
BMW said its 228i coupe will carry a starting price of $33,050 on up the ladder to $45,850 for the M235i xDrive coupe.
Audi said its 2015 top of the line A8 will start at $77,400 for the 3.0T model and rise to $137,900 for the long wheel base W12. It will arrive at local dealers this month. The 4.0-liter V8 gets a power boost from 420 hp to 435 hp.
Nearly 4,400 vehicles at two auto dealers in Nebraska were damaged when baseball sized hail fell during an intense storm. A large number of cars parked at the airport in Denver suffered similar damage.
Headline of the morning: “Inductive charging for electric vehicles to gain traction transforming infrastructure landscape.”