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Honda says it's 'not lost' in F1, but McLaren is losing patience

MONTREAL (Reuters) - Honda has responded to criticism from Formula One partners McLaren by saying it was going in the right direction despite the team having failed to score a point so far this season. "It is unfortunate I can't convince them we are going in the right direction. But I am confident we are not lost," Honda's Formula One chief Yusuke Hasegawa told motorsport.com at the Canadian Grand Prix. "We still need some more time but we are doing the right thing. We are doing many things to speed up our development but I don't disclose what." Former champions McLaren, the second most successful team in the sport in terms of race wins, are last in the championship and the only outfit yet to score after six races. The British-based team's executive director Zak Brown told Reuters on Wednesday that the Japanese manufacturer seemed "a bit lost" and indicated the partnership was reaching break point. The American's comments were widely reported and provided a major talking-point in the Montreal paddock. "I was not surprised," said Hasegawa of Brown's comments. "It's no wonder he has complained and he is frustrated. I'm frustrated, I'm disappointed, the team is disappointed. This is a very difficult, tough situation." (Reporting by Alan Baldwin in London, editing by Ed Osmond) Image Credit: Mark Thompson/Getty Motorsports Honda McLaren Racing Vehicles F1

Have McLaren F1 values topped out?

The McLaren F1 was a game-changer when it came out in the early 1990s, and it's still widely regarded as one of the finest supercars ever made. It's little wonder that values have been climbing in recent years. The question for collectors is now: Will prices keep rising, or have they reached their zenith? As recently as 2006, you could pick one up for less than $1 million: the database at classic car insurance firm Hagerty shows that an example in fair condition 10 years ago was worth around $700,000, while a top-notch, concours-ready specimen was valued at about $1.15 million. That seemed like a lot at the time, but just two years later, that range had skyrocketed to between $2.3 million and $3 million. Suddenly those 2006 prices seemed like a smart investment in hindsight, but after that initial jump, they stayed around that level for several more years before things started getting crazy. "Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." – Jonathan Klinger, Hagerty By the start of 2013, values had jumped to between $4.1 and 5.3 million. By the end of that year, they were up to between $6.5 and 8.9 million. And by the end of 2014, they had reached $7.9 million for one in fair condition, and over $10 million for a pristine example. But then things leveled out again. "Values have risen quickly," notes Jonathan Klinger, vice president at Hagerty, "but it isn't a bubble situation. Buyers over the last several years have been end users as opposed to speculators and they routinely drive and enjoy the cars." Sports Car Market records that the last F1 to change hands at auction was a 1998 model that RM Sotheby's sold for $13.75 million as part of the Pinnacle Portfolio in Monterey last summer. But that example had the rare best-of-both-worlds combination of the LM performance upgrades with the road-spec interior to make it stand out above the rest. Gooding & Company sold another F1 over the same weekend in 2013 for $8.47 million, but a year later, a seller refused a high bid of $10.75 million for a mint-condition example. "For the time being, we see a very stable market for F1s," says David Brynan, senior specialist at Gooding.

McLaren P1 is the new king of flamethrowers [UPDATE]

It may come as no surprise, but the staff of Autoblog is essentially a bunch of kids trapped in grown-up bodies. That means we're fairly easy to please. Give us a fast car or sensational bodywork, and we're pretty happy. Give us a fast car with sensational bodywork that shoots big freaking flames, though, and we'll be utterly mesmerized. Unsurprisingly, then, this video which shows nothing more than the McLaren P1 and its ability to belch bright blue balls of fire while making a truly glorious noises has had a negative effect on our productivity. We've been quite happy to sit and watch the flame-throwing, 903-horsepower P1 zip around the Yas Marina Formula One course in Abu Dhabi over and over. So, join us in this latest batch of time wasting. Scroll down to watch the full video from Shmee150. UPDATE: We've added a second video from Shmee150 showing how to put the McLaren P1 in race mode. Head below to check it out. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Gallery McLaren P1: Geneva 2013 View 19 Photos News Source: Shmee150 via YouTube [1], [2]Image Credit: Copyright 2014 Drew Phillips / AOL Auto News McLaren Coupe Racing Vehicles Performance Videos mclaren p1 abu dhabi yas marina