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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.

New Porsche Supercar at Detroit Motor Show?

A new Porsche Carrera at the Detroit Motor Show Porsche has been absent from the Detroit Motor Show for four years, but is planning a return to next month’s show with a bang, according to Porsche spokesman Hans- Gerd Bode. “We’ll have something spectacular to show there,” said Herr Bode. “You’ll have to wait and be surprised.” So what has Porsche got up its sleeve, we wonder?

Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.