Auto News for Dec. 14

P1

McLaren has produced the 375th and final example of the P1 model. It was introduced at the Paris show back in 2012 as a design study, and a marvelous one at that. Production started in the summer of 2013 with all cars sold prior to the first one being delivered. Each was built to the specifications of its owner and that slowed production to no more than one finished car a day. It packed a 3.8-liter twin turbo V8 rated at 903 horsepower with 664 lb-ft of torque mated to a electric motor and a 0-62 mph sprint in just 2.8 seconds. Top speed was 217 mph. And the company notes, “As with all models in the three McLaren model tiers, the P1 is exempt from gas guzzler tax in the U.S.”

In case you were wondering, it would appear those low gas prices across much of the country just may stick around for a while. This morning oil prices fell for the seventh session in a row with Brent crude hitting a level not seen since late 2008. OPEC continues to pump near record levels, and has since last year. The oversupply, the experts think, will continue in 2016.  AAA puts the average price of a gallon of gas, nationwide, at an average of $2.014. It is nearing its lowest price level since 2009, with unleaded regular now selling below $2 a gallon in 41 states.

X5

BMW’s 2016 X5 with a diesel engine has been approved by both the EPA and the California Air Resources Board after testing. The EPA said it found no evidence of a device designed to skirt pollution regulations. BMW said production of the diesel X5 will begin shortly, and it will appear in showrooms in January.

The last time I heard of the name Faraday it belonged to a detective in a TV series. Now, backed by a Chinese   billionaire, Faraday Future has announced it will build a $1 billion production plant in Las Vegas. It will produce an all- electric vehicle to take on Tesla in the same state where Tesla is working on its “Gigafactory.” Faraday is promising to display a concept car at the Consumer Electronics Show next month with production starting in 2017.

You really know vintage TV if you remember Faraday.

 

 

 

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