P1 reborn: the return of the P1 supercar club

There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.

Cadillac Ciel concept

The Cadillac Ciel concept, a four-seat convertible, has just been revealed at the 2011 Pebble Beach Concours d’Elegance. "The Ciel is about the romance of the drive," says Clay Dean, global design director of Cadillac. "It emulates the great touring cars seen on the greens at Pebble Beach, but with a modern flair that projects Cadillac's vision for the future." Interior design manager Gael Buzyn says, "Simplicity and lightness ensure nothing distracts from the open driving experience, while the color and materials lend the feeling that the vehicle's environment blends with the surroundings." The four-door Cadillac Ciel concept was developed with a long, low proportion, reminiscent of classic automobiles, while the interior features Italian olive wood, machined aluminum and hand-tipped leather.

Silverstone is back – the Tag Heuer version

Tag Heuer is reissuing the classic Silverstone Chronograph It’s a bit of a boy thing, expensive watches. And if the emails we’ve had are anything to go by the love of watches seems closely linked to the love of cars. Not for everyone, but enough of you are inclined in that direction for us to run the odd watch story or two.