Having company, I take new cars around the island (7)

I believe the answer is:

corsica

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'island' is the definition.
(Corsica is an example)

I can't explain the rest of the clue.

(Other definitions for corsica that I've seen before include "Island north of Sardinia" , "French island in Med" , "Mediterranean island, birthplace of Napoleon" , "French island off W Italy, birthplace of Napoleon" , "French territory" .)

I've seen this clue in The Irish Independent.

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