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F1 legend Mika Hakkinen to become McLaren's public face

Two-time Formula 1 World Champion Mika Hakkinen is back at McLaren. The manufacturer announced Hakkinen is taking up a PR position at McLaren, becoming a Partner Ambassador, and it was at McLaren Mercedes that Hakkinen scored his championships in the late 1990s. For Hakkinen, the ambassador position means joining members of the manufacturer's marketing arm, so it is likely he will be seen in prominent McLaren advertisements and business ventures. In its press release, McLaren mentions executive director Zak Brown and CEO Mike Flewitt as Hakkinen's future collaborators. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. As Hakkinen says: "I've always considered McLaren to be my home in Formula 1, and I still have an enormous place in my heart for everyone in the team. Of course, the past few years for McLaren haven't been easy, but I've always believed that it's only a matter of 'when' rather than 'if' McLaren will come good again – and I want to play my part in helping that happen. "Returning to McLaren was an easy decision for me – I've never really lost contact, and I still know a lot of the hard-working men and women there from my eight-and-a-bit seasons with the team." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Hakkinen also says he drives a McLaren P1 supercar. "I'm looking forward to immersing myself in the exciting world of McLaren Automotive. I have a modern-day McLaren in my fleet of road cars, and it's a truly superb machine." Related Video:

Will this McLaren F1 sell for over $12 million at Pebble Beach?

Decades ago, a dominant Formula One team made a few dozen examples of a sports car that was as devastating on the track as it was on the road, and as such, it has become highly sought-after by collectors willing to pay millions – even tens of millions – for the privilege of ownership. We have to be talking about the Ferrari 250 GTO, right? We very well could be, but in this case, no: we're talking about the McLaren F1 – a legendary supercar whose values seem to be skyrocketing in the footsteps of its arch-rival's most iconic classic. And if this latest pre-auction estimate is anything to go by, it will only continue to climb as quickly as it accelerates. The past couple of McLaren F1s on whose sales we've reported traded hands for over $5 million apiece and we thought that was pretty spectacular, but this latest example consigned to Gooding & Company for its upcoming sale at Pebble Beach has an expected selling price of between $12 million and $14 million. Chassis No. 031, a 1995 model, is a bit of a rarity in that it's one of only a handful of McLaren F1s painted in white, and the only one in this particular shade of Marlboro White, adopting the color of the grand prix team's title sponsor at the time. It's had only three owners who've put barely over 1,000 miles on the odometer, starting in Japan, where it resided with collector Shin Okamoto for 15 years before he sold it to a collector in Chicago, who in turn sold it to its current owner who's putting it up for auction. The 27th example built, it's said to be in "highly original" condition, was extensively serviced at the McLaren factory as recently as 2008, and comes with all its original manuals, tools and fitted luggage. Is all of that enough to make this 1995 McLaren F1 worth more than twice what they've been going for? If someone pays it, we suppose it will. But the McLaren isn't even the most expensive lot consigned for the auction. Little surprise, it'll have to compete with a number of much older Ferrari models for that honor: a 250 GT SWB California Spider is estimated to fetch $13-15 million, the estimate for a similar coupe has not even been released, and a rare three-seater 1966 Ferrari 365 P Berlinetta Speciale could go for over $20 million. 1995 McLaren F1 Estimate: $12,000,000 - $14,000,000 Chassis: VIN. SA9AB5AC7S1048031 McLaren Chassis No. 031 *Please see additional note at end of text.

McLaren matches Ferrari with an extended warranty of up to 12 years

If you're an owner of a McLaren and want some assurance that if something goes wrong with your pricey sports car it'll be covered, McLaren has some good news for you. The company announced that it will now offer an extended warranty that will protect your McLaren for up to 12 years from the date of manufacture. Previously, McLaren owners were only given the option to extend the factory three-year and unlimited mileage warranty to seven years. Extending the warranty does cost extra (though McLaren didn't announce how much), and can be purchased in increments of 12 to 24 months. If you happen to have a McLaren P1, we're afraid this warranty isn't available to you. It only covers Sports Series and Super Series cars, which includes vehicles such as the 570S, MP4-12C, 650S, and variations on those models. For people looking to purchase a McLaren with this warranty, it is only available for new, and certified pre-owned McLarens that are under 10 years old and have driven fewer than 100,000 miles. The warranty also only covers problems that are not considered general wear and tear, misuse, or abuse. Aftermarket parts and upgrades also aren't covered. McLaren isn't the only supercar company to offer lengthy warranty coverage. According to Business Insider, Ferrari announced two years ago that it would offer extra-charge extensions to the standard three-year warranty for up to 12 years as well. Ferrari also sweetens the deal on new models with a seven-year service program. Related Video: