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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.

Chrysler announces six recalls

More than 260,000 vehicles will be impacted by the six recalls Chrysler announced Tuesday. None are particularly serious, but if you own a Chrysler product we've summarized the list below. -- 78,500 Dodge Nitro and Jeep Liberty 4x2 models from the 2007 and 2008 model years are being recalled to brace a heat shield that can loosen and contact the driveshaft, causing wear and possible breakage over time.

Audi reveals new Quattro concept sketches before Frankfurt

Audi has released a series of official design sketches revealing its reborn Quattro supercar concept, which will underpin the German carmaker's presence at the Frankfurt motor show next month. The modern-day Quattro aims to revive the spirit of the rally-bred Sport Quattro launched in 1984. The aggressively styled coupe has been conceived as a limited-production model that is set to be priced above that of any existing Audi model as technological figurehead for the rest of the lineup with a new plug-in hybrid driveline that mates a twin-turbocharged 4.0-liter V8 gasoline engine and electric motor for an overall output close to 800 hp.