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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.

Mercedes AMG has best year ever

With car sales plummeting in 2008 (and likely to be worse in 2009) there aren’t many bright spots around. But performance saloons are certainly one of them. As we reported back in December, BMW’s M Division had a cracking year, with sales of nearly 27,000 for the year.

Renault/Lovegrove Studio Twin'Z concept

The Renault Twin'Z concept is a collaborative project with British designer Ross Lovegrove, filling the fifth stage in Laurens van den Acker's 'lifecycle' – Play. It's currently on display at the Milan Salone. Essentially previewing the all-new, rear-engined Twingo co-developed with Daimler, the Twin'Z takes this relatively humble city car and, thanks to the input of Lovegrove, it appears to have taken on an organic nature, which shouldn't be unexpected to those familiar with his work.