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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.

Jaguar C-X75 heading up the hillcimb at Goodwood Festival of Speed

The Jaguar C-X75, pictured at Goodwood ahead of its Supercar run Jaguar are pulling out all the stops for this year’s Goodwood Festival of Speed with not only their latest performance cars but the debut of the Jaguar Project 7, an F-Type R with the DNA of a D-Type. But they’ve topped all that by deciding that their canned supercar project – the Jaguar C-X75 – deserves a proper outing in public. Jaguar only have five development versions of the C-X75, but they’ve taken one to Goodwood – although it’s not on display – and are wheeling it out over the weekend to take part in the Michelin Supecar run up the hill.

Ford truck-design boss leaves for job outside the industry

Pat Schiavone, Ford Motor Co.'s truck design chief, is leaving the company for a job outside the industry. Ford spokeswoman Marcey Evans on Monday confirmed Schiavone's resignation, effective Jan. 4.