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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.

Ferrari 599 GTO (2010) first official pictures

This is the new Ferrari 599 GTO, a very special limited-edition Italian supercar that takes inspiration from the track-only, £1.3m 599XX. Just 599 will be built (appropriately enough) and Ferrari is claiming this 661bhp beast is its fastest ever road car. And you should be.

Concept Car of the Week: Hyundai HCD-1 (1992)

After a difficult start to the '80s, Hyundai thought of a new strategy to penetrate the American market and to compete with the industry leaders – Japanese manufacturers such as Toyota being the primary target. It came back in 1990 and set up the Hyundai California Design Center to develop cars just for 'Uncle Sam'. The center began with projects such as the Tiburon coupé and the Santa Fe off-roader, both being named after American cities.